Media Prima Annual Report 2020

The Media Prima Annual Report 2020 provides a review of Media Prima's financial position and performance for the financial year ended 31 December 2020.
Message from our Group Chairman
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Dear shareholders
On behalf of the Board of Directors (the “Board”), it gives me great pleasure to present Media Prima Berhad’s (“Media Prima” or the “Group”) Annual Report 2020 and audited consolidated financial statements for the financial year ended 31 December 2020 (“FY20”).

DATUK (DR) SYED HUSSIAN BIN SYED JUNID
GROUP CHAIRMAN

Message from our Group Managing Director
Dear shareholders
Undoubtedly, the year 2020 tested all of us in a way that would have been unimaginable. It is no secret that we started 2020 in a rather precarious financial position. Of course we had a solid turnaround plan. However, we never had expected for the events that came crashing in upon us in Q1 2020 — Covid-19. I can honestly admit that we had no model for it at that time. We relentlessly ran numerous scenario planning models. All models concluded one clear result — uncertainty.

DATO’ ISKANDAR MIZAL MAHMOOD
GROUP MANAGING DIRECTOR

(Dato’ Iskandar Mizal bin Mahmood resigned as Director effective 18 May 2021. The expiry of his contractual tenure as Group Managing Director of the Company is 30 September 2021)
Message from our Group Managing Director
Platform Review
GROUP FINANCIAL HIGHLIGHTS
Revenue
2019
RM1.11
billion
2020
RM1.04
billion
LOSS AFTER TAX
2019
(RM185.5)
million
2020
(RM18.1)
million
LOSS AFTER TAX WITHOUT EXCEPTIONAL ITEMS
2019
(RM69.4)
million
2020
(RM4.4)
million
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