Singapore Press Holdings Q3 profits up 64.3% to $47.44m

Submitted By:  Danielle Isaac Case Study:  No It found growth in its aged care and education businesses, but media revenue remained weak. Singapore Press Holdings’ (SPH) profits for the third quarter of 2018 jumped 64.3% from $28.87m last year to $47.44m. Operating revenue for its media and property segments both fell by 8% and 2.4% to $167.94m and $60.1m respectively. Media revenue was down as advertisement and circulation revenue continued to fall by 10.1% and 5% to $12.7m and $2m, respectively. Lower rental income pulled down property revenue. read more