You are here

SPH's FY16 net profit down 17.5% to S$265.3m

On reports of lay-offs, merger of tabloids, CEO says some of group's plans awaiting approval
Saturday, October 15, 2016 - 05:50

BT_20161015_KLSPH15_2548919.jpg
At SPH's press briefing are: (from left) Ms Elsie Chua (chief marketing officer, Integrated Marketing Division), Mr Mallek, Mr Patrick Daniel (deputy CEO), Mr Chan, Mr Anthony Tan (deputy CEO), Ms Janice Wu (executive vice-president, Corporate Development Division), and Mr Chua Wee Phong (executive vice-president, Circulation Division).

Singapore

SINGAPORE Press Holdings' (SPH) net profit for fiscal 2016 fell 17.5 per cent to S$265.3 million as revenue from its core media business continued to decline and impairments from the magazine segment cut into the bottom line.

The media and property group, whose

Powered by GET.comGetCom