By Michelle Quah
Media giant Singapore Press Holdings (SPH) reported positive momentum across all its business segments - media, property, digital and aged care - even as it turned in a smaller profit for the second quarter.
SPH chief executive Ng Yat Chung said at a results briefing yesterday that the group's strategy of growing its non-media businesses, along with its digital revenues - to make up for a decline in print revenues - remains "on track".
The group's net profit attributable to shareholders was down 25.7 per cent to $29.7 million for the three months ended Feb 28, compared with $39.9 million the year before.
For the six months ended Feb 28, net profit attributable to shareholders was down 14.7 per cent to $85.6 million.
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