Company Briefs: Singapore Press Holdings

Singapore Press Holdings

The executive vice-president of corporate development at Singapore Press Holdings (SPH) is leaving after eight years of service, to pursue personal interests.

The resignation of Ms Deborah Lee, 58, will take effect on Dec 16. 

Ms Janice Wu, 46, will take over as head of the division, relinquishing her current portfolio as senior vice-president of media strategy and analytics, with effect from the same date, according to SPH.

Ms Wu was previously in the corporate development department for several years before setting up the media strategy and analytics division.

Mr Anthony Tan, 42, will oversee media strategy and analytics in addition to his current role as executive vice-president of SPH's Chinese Media Group.

Both will continue to report to SPH chief executive Alan Chan.

Mr Chan said: "I would like to thank Deborah for her sterling contributions to SPH. On behalf of the SPH board, management and staff, I wish her many happy years ahead and the best of health, always."

LionGold Corp

The company has reported a loss of $802,000 for its first quarter ended June 30 - lower than the loss of $20.3 million posted for the same period last year.

The better result was due partly to a rise in revenue, which grew 11.5 per cent from a year ago to $15.5 million, thanks to higher gold sales and an increase in the average selling price.

The depreciation of the Australian dollar against the greenback helped as well.

Gold prices are quoted in US dollars while LionGold's costs are incurred mostly in Australian dollars.

Loss per share shrank to 0.07 cent at the end of June this year from 1.61 cents a year earlier, while net asset value per share fell to 5.33 cents on June 30, down from 5.66 cents three months before.

LionGold said gold prices remain uncertain, and it will focus its efforts on reducing costs to improve profit margins at its Australian mine.

A version of this article appeared in the print edition of The Straits Times on September 18, 2015, with the headline 'Company Briefs'. Print Edition | Subscribe