Media Prima Bhd 2017 AR2
The report details Media Prima's performance and strategic transformation during the 2017 fiscal year under its Odyssey Transformation Plan. To counter digital disruption and declining print revenues, the company accelerated its transition toward becoming a digital-first content and commerce entity. Key achievements included the expansion of its home shopping network, CJ Wow Shop, which generated over RM130 million in revenue, and the acquisition of Rev Asia Holdings, which significantly boosted its digital reach. Despite a challenging advertising market resulting in a net loss of RM669.7 million due to impairments and rightsizing, the group successfully grew its digital and commerce revenue streams.
Company: Media Prima Bhd
Sector: Media & publishing
Country: Malaysia
Year: 2017
Type: AR2
Pages: 59
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Media Prima Bhd
Annual Report
The report details Media Prima's performance and strategic transformation during the 2017 fiscal year under its Odyssey Transformation Plan. To counter digital disruption and declining print revenues, the company accelerated its transition toward becoming a digital-first content and commerce entity. Key achievements included the expansion of its home shopping network, CJ Wow Shop, which generated over RM130 million in revenue, and the acquisition of Rev Asia Holdings, which significantly boosted its digital reach. Despite a challenging advertising market resulting in a net loss of RM669.7 million due to impairments and rightsizing, the group successfully grew its digital and commerce revenue streams.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available