SPH Q1 profit falls 43.8% to S$45.7m on restructuring charges
Earnings per share slips to 3¢ from 5¢ a year ago
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
