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 Wed, Oct 6, 2021 · 05:50 AM

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.

A final dividend of three Singapore cents per share was proposed. If approved, SPH would pay a total dividend of six cents per share in FY21, up from 2.5 cent in FY20.

In a bourse filing on Tuesday, SPH said total revenue …