SPH media hit by lower ad revenue in Q1 but digital circulation continues to grow
Claudia Tan HS
Singapore
SINGAPORE Press Holdings (SPH) on Monday announced that its media business continues to suffer from lower newspaper print advertisement revenue as a result of Covid-19 disruptions for the first quarter to November. Digital circulation, however, saw double-digit growth rate.
The media and property group's purpose-built student accommodation (PBSA) and aged care segments remain resilient.
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