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Stock Chart
Last Done 1.790
Change -0.020 (-1.11%)
Volume 9,007
Range 1.780 - 1.800

SPH's H1 net profit up 26.1% as non-media segments see improvement

01 Apr 2021 09:00

By Claudia Tan

SINGAPORE Press Holdings (SPH) on Tuesday announced a 26.1 per cent increase in net profit to S$97.9 million for the half year ended Feb 28, due to improvements in its non-media business segments as the economy recovers gradually.

Operating profit rose 16.6 per cent to S$119.8 million despite an 11.5 per cent dip in operating revenue to S$417.1 million.

Overall, total revenue fell 4.2 per cent S$460.3 million, dragged by its media segment.

Revenue for the media segment decreased 23.9 per cent to S$193.1 million as advertising revenue continues to take a hit, as well as with the absence of revenue from Buzz, which was divested in July last year.

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Source: Business Times

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