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SPH Q3 profit falls 46.4% on impairments in magazines

Group sees 'difficult' operating environment ahead


SINGAPORE Press Holdings' (SPH) net profit fell 46.4 per cent to S$52.7 million, or three Singapore cents per share, for its fiscal third quarter after the group made significant impairments due to a weak magazine business.

For the nine months ended May 31, net profit was...