At the end of the last fiscal year, the company had a loss of Rs 30.7 million. The company had posted a net profit of Rs 246.6 millio in the corresponding period of previous FY.
The company incurred loss due to the decrease in the company's income. In the review period, the company's income decreased to Rs 113.6 million from Rs 180.4 million. It is stated in the report that the government has reduced the budget in the government advertisement sector due to which the advertisement income has decreased significantly. Similarly, the company said that the advertisement spending from the private sector has also declined.
Total income of the company declined to Rs 65.9 million from Rs 99 million in the review period, while operating profit declined to Rs 5 million from Rs 49.2 million.
The company has a paid-up capital of Rs 967.5 million and a retained loss of Rs 535.5 million.
