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Impairments pare SPH Q3 profit by 45% to S$28.9m

Operating revenue drops 10.8% to S$260m

CEO Alan Chan says SPH has made steady progress on diversifying its revenue streams with the recent acquisition of Orange Valley Healthcare and its JV winning the tender to develop a land parcel at Bidadari.


A MUTED economic environment, disruption of the media industry and impairments drove lower the latest earnings of media and property group Singapore Press Holdings (SPH).

On Friday, SPH reported a net profit of S$28.9 million for its third quarter ended May 31 2017, down...

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