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Impairments pare SPH Q3 profit by 45% to S$28.9m

Operating revenue drops 10.8% to S$260m
Saturday, July 15, 2017 - 05:50

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CEO Alan Chan says SPH has made steady progress on diversifying its revenue streams with the recent acquisition of Orange Valley Healthcare and its JV winning the tender to develop a land parcel at Bidadari.

Singapore

A MUTED economic environment, disruption of the media industry and impairments drove lower the latest earnings of media and property group Singapore Press Holdings (SPH).

On Friday, SPH reported a net profit of S$28.9 million for its third quarter ended May 31 2017, down

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