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

Earnings per share slips to 3¢ from 5¢ a year ago

SPH said that it expects business conditions for its media business to remain challenging over the next 12 months.


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...

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