Ming Pao parent sinks into the red

Ming Pao's parent Media Chinese International (0685), made a net loss of US$4.9 million (HK$38.2 million) for the interim period ended September this year compared to a net profit of US$1.04 million in the same period last year.

Operating revenue rose 16.2 percent to US$77.5 million. The company said that given the political and economic uncertainties, it anticipates the remaining quarters of this fiscal year to remain challenging and volatile.

To enhance the performance of the publishing and printing division, the group will continue to rigorously monitor its costs.

The firm did not declare any interim dividend.