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SPH FY15 profit falls 20.4% on lower property valuation gains

FY2014 also had divestment gain; FY2015 group operating profit 1.3% higher

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Singapore Press Holdings' net profit fell 20.4 per cent for the year ended Aug 31 (FY2015) as smaller fair-value gains on investment properties offset a slight increase in recurring operating profit.

Singapore

SINGAPORE Press Holdings' net profit fell 20.4 per cent for the year ended Aug 31 (FY2015) as smaller fair-value gains on investment properties offset a slight increase in recurring operating profit. The preceding fiscal year (FY2014) also included a one-off gain from a partial

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