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SPH posts S$404.3m profit for FY2014

Lower profit contribution from newspaper and magazine business partially offset by improved performance from other business segments

Michelle Quah

Published Wed, Oct 15, 2014 · 09:50 PM

SPH

Singapore

MEDIA and property group Singapore Press Holdings (SPH) reported on Wednesday a 6.2 per cent year-on-year drop in net profit for the year ended Aug 31, 2014, as its newspaper and magazine business took a hit from lower advertising and circulation revenue.

Its property and other businesses, however, performed well - helping to stem the slide in earnings.