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SPH posts higher 1Q earnings of S$60.4m on investments income; media revenue drops 14%

The Edge logo The Edge 12/1/2018 Samantha Chiew
http://assets.theedgemarkets.com/sph_20180112193943_theedgesingapore.jpg © Provided by The Edge http://assets.theedgemarkets.com/sph_20180112193943_theedgesingapore.jpg

SINGAPORE (Jan 12): Singapore Press Holdings reported 1Q18 earnings increased 32.1% to S$60.4 million compared to S$45.7 million in 1Q17.

The group’s total operating revenue for the first quarter ended November came in 7% lower at S$258.8 million compared to S$278.3 million a year ago.

Revenue from its media segment dropped 13.9% to S$173.9 million from S$201.9 million in 1Q17, but still remained the major contributor to its total revenue. The decline in revenue was due to a drop in advertisement and circulation revenue... (Click here to read the full story.)

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