SPH posts 7.5% rise in Q2 earnings to $81.3m

SINGAPORE Press Holdings' (SPH's) net profit rose 7.5 per cent to $81.3 million for the second quarter ended Feb 28, from $75.6 million a year ago.

The results were lifted by a $52.9 million gain on partial divestment of its stake in regional online classifieds business 701Search to Oslo-listed telecommunications operator Telenor.

Operating revenue for the three months slipped 1.2 per cent to $278.8 million from $282.2 million a year earlier.