SUBSCRIBERS

SPH returns to the black with S$92.9m net profit; proposes 3 cents a share final dividend for FY21

Total revenue from continuing operations rose to S$475.1 million, up 2.4%

Published Tue, Oct 5, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    SINGAPORE Press Holdings (SPH) has swung into the black, with a net profit of S$92.9 million for the financial year ended Aug 31, 2021 (FY21), amid a slight increase in total revenue from continuing operations, and fair value gains on investment properties.

    It reverses the net loss of S$83.7 million in the previous financial year, which had included S$232 million in fair value losses on investment properties.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.