SPH Q2 profit slips 1.2% on lower media income
Earnings fall to S$53.5 million, with gains on investment disposals helping to cushion slide
Singapore
SINGAPORE Press Holdings' second-quarter net profit slipped 1.2 per cent to S$53.5 million, dragged by its media business but cushioned by gains from disposing of investments.
On a per-share basis, net profit for the three months ended Feb 28, 2017, was flat at three Singapore cents for the media and property group, which also owns The Business Times.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Grayscale Bitcoin Trust sees first inflows since US ETFs were approved
Goldman Sachs rings in 25 years of public life with stock at record
Nvidia is missing link in a strong season of AI earnings reports
Citi shifts working hours, enhances platform ahead of settlement cycle change
Cordlife directors offer differing views on future oversight if board is rejigged
Tesla lays off more staff in software, service teams, Electrek reports