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RJRGLEANER Group reports $40m loss for June quarter

The RJRGLEANER Communications Group registered a $40 million loss during the April to June quarter.
 
For the same period in 2021, the company made $110 million net profit.  
 
The company says a drop in advertising spend and increased expenses for productions factored into the results.
 
RJRGLEANER's earnings for the quarter fell by nine per cent, amounting to $1.29 billion.
 
Last year, the group raked in $1.42 billion.
 
The company says revenues from its audio/visual services fell by 12 per cent.
 
Print declined by six per cent and revenue from radio fell by two per cent.
 


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