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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

Published Wed, Apr 12, 2017 · 09:50 PM

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.

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