SPH posts S$54.1m Q2 profit

Singapore

SINGAPORE Press Holdings' second-quarter operating profit stayed on an even keel despite a dip in operating revenue. But lower net investment income for the three months ended Feb 29 contributed to a 22.3 per cent drop to S$54.1 million in net profit attributable to shareholders.

On a per-share basis, Q2 net earnings decreased to three Singapore cents from four Singapore cents. The media and property group, which owns The Business Times, has declared an interim dividend of seven Singapore cents per share. That is the same that was paid out a year earlier.