SPH: Reports First Quarter Net Profit Of S$60.4 Million.

12 Jan 2018 18:10

Singapore Press Holdings Limited reported its results for the first quarter ended 30 November 2017. Net profit attributable to shareholders was $60.4 million, $14.7 million or 32.1% higher compared to the same period last year. Group recurring earnings of $67.9 million was $2.9 million or 4.1% lower than 1Q 2017. Operating revenue of $258.8 million was $19.5 million or 7% lower than 1Q 2017, with the fall in revenue cushioned by cost reductions of $11.7 million or 5.5% against the comparison period. In addition, there was a gain of $5.9 million from dilution of interest on an associate's IPO listing. The results for the quarter were boosted by investment income of $12.4 million comprising mainly gains on divestment...

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Source: ShareInvestor Express