(July 12 07:16) Sbr.com.sg
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.
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