SPH Q2 gain slips 14% but beats forecasts

Singapore

SINGAPORE Press Holdings' (SPH) net profit declined less than expected in its second fiscal quarter, with its property arm offering a source of growth during the period.

Net profit slipped 14.4 per cent to S$69.6 million, or 4 Singapore cents per share, in the three months ended February as operating revenue slipped 3 per cent to S$270.3 million.