SPH Q1 profit falls 43.8% to S$45.7m on restructuring charges

Singapore

SINGAPORE Press Holdings' (SPH) net profit fell 43.8 per cent to S$45.7 million for its fiscal first quarter as retrenchment and restructuring-related charges exacerbated a decline in the core media business.

On a per-share basis, earnings slipped to three Singapore cents in the three months ended Nov 30, 2016, from five Singapore cents a year earlier. No dividend was declared for the quarter, in line with the group's existing practice.