SPH expects 'significantly lower' operating profit for FY20

Singapore

MEDIA and property group Singapore Press Holdings (SPH) said in a corporate presentation on Monday that its operating profit for FY20 ending Aug 31, 2020 is expected to be "significantly lower" than the S$187 million recorded in the year ago period on the back of the ongoing pandemic.

The group will also conduct a revaluation of its investment properties as at Aug 31, 2020 and said that Covid-19 is expected to "negatively impact" the revaluation outcome.

In its presentation slide deck uploaded on the Singapore Exchange, SPH said that operating performance across its various business segments h…

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