SPH Profits Fall By 19.7%! Not Enough Sinkies Subscribe To ST Premium News Or Use SPH

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SPH Profits Fall By 19.7%! Not Enough Sinkies Subscribe To ST Premium News Or Use SPH

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15-10-2018, 11:10 PM

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SPH Profits Fall By 19.7%! Not Enough Sinkies Subscribe To ST Premium News Or Use SPH

An honorable member of the Coffee Shop Has Just Posted the Following:

Singapore Press Holdings (SPH) on Monday (15 October) reported a 19.7 per cent fall in net profit for financial year 2018 as the company’s core media business continued to come under pressure.

Net profit for the period ended 31 August 2018 declined $69 million to $281.1 million due partly to a one-off gain on divestment of a joint venture recorded in FY 2017. Excluding one-offs, net profit rose 2.4 per cent.

The group posted a 4.8 per cent drop in overall revenue to...

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