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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

Published Fri, Jan 13, 2017 · 09:50 PM

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.

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