going into profitability5 Dec 2016 14:26
the group has continued to sustain losses in certain parts of its publishing operations.
“These continued losses are likely to result in the group not being profitable for the year as a whole, albeit the directors do expect some improvement on the losses recorded in FY15.”
As a result, parts of publishing business are likely to be sold over the coming months.
The television and communications divisions are “operating profitably” while its latest acquisition, Reef, is also trading well, Ten Alps said.
PROBLEM SOLVED :)