Lai Chee Ying Jimmy expects Next Media to back to black in 18 months

Next Media Limited Chairman Lai Chee Ying Jimmy said in an interview that the company could turn loss into profit within 18 months. The new magazine issued in Taiwan recently would suffer loss this year but the sales can be uplifted by 50% to 300,000 copies within 12 months. Next Media has injected HK$45 mln in the Next Magazine in Taiwan so far and will invest another HK$45 mln. The stock inched down HK$0.001, or 0.41% to latest stand at HK$0.245.

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