Disposals push Tiso Blackstar to R548m loss
Revenues from continuing operations fell 22.8% after sale of media interests
21 October 2019 - 20:14
JSE-listed media group Tiso Blackstar on Monday reported a R548m loss for the year ended June, as one-off impairment charges related to disposals and accounting standards offset a stronger operating performance.
Tiso Blackstar, the publisher of Business Day, Sowetan and the Sunday Times, said revenues from continuing operations decreased by 22.8% to R2.4bn from R3.05bn in the previous financial year...
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