POST PUBLISHING: 21.21MB LOSS IN 1ST HALF

Post Publishing Public Company Limited has reported a consolidated net loss of 21.31 million baht for the six months ending June 2009.
In a statement to the Stock Exchange of Thailand late yesterday, the company cited "extremely weak advertising spending" caused by the global economic crisis and local political instability. In the same period last year the company reported a 3.29 million baht net loss.
Earlier this week Nation Multimedia Group, reported a 110 million baht loss for the same period.
Amarin Printing and Publishing Public Company Limited, the company responsible for a number of licensed Thai magazines including National Geographic and InStyle, also reported its half year results to the Stock Exchange yesterday evening. The net profit of 72.03 million baht for the six months ending June 2009 showed a decline of 27.42 per cent on the same period last year. The company reported a 17.47 per cent decline in advertising revenues.