SUBSCRIBERS

SPH profit down 25%; creates $100m fund

The New Media Fund will look to invest in related businesses to reinvigorate the group's core business

Published Fri, Oct 11, 2013 · 10:00 PM

Singapore

SINGAPORE Press Holdings (SPH) is establishing a $100 million New Media Fund to reinvigorate its core business after weak ad and circulation sales dragged fiscal 2013 net profit down by 25 per cent.

"If I am direct, most of our indicators are down," SPH chief financial officer Tony Mallek said at a press briefing.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution

Purchase this article

Companies & Markets

Companies & Markets

SPH profit down 25%; creates $100m fund

Companies & Markets

Honda to spend US$11 billion on EV strategy in Canada

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

iFast Q1 net profit surges on ePension unit performance

Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT