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SPH posts Q1 profit of S$69.4m

Fall of 21.9%; group works on uplift for core media business amid new digital initiatives

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Media and property group Singapore Press Holdings (SPH) posted a net profit of S$69.4 million for its fiscal first quarter - a year-on-year drop of 21.9 per cent as operating revenue from its newspaper and magazine segment fell.

Singapore

MEDIA and property group Singapore Press Holdings (SPH) posted a net profit of S$69.4 million for its fiscal first quarter - a year-on-year drop of 21.9 per cent as operating revenue from its newspaper and magazine segment fell.

In the year-ago fiscal first quarter, net