SPH's full-year net profit comes in at $365.5m
Singapore Press Holdings Limited reported a net profit of $365.5 million for the year ended Aug 31. The figure is 5.9 per cent lower compared to the previous financial year.
Group recurring earnings were $410.2 million for the year, or 0.3 per cent higher as growth in the property and exhibitions businesses offset the lower profits from the newspaper and magazine segment.
Group operating revenue of $1.27 billion was 1.8 per cent higher compared to the previous year. Revenue for the Group's Newspaper and Magazine business was $1 billion.
SPH shares ended two cents higher at $4.07. The results were announced after the market closed.