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News - Detailed News Story

SPH sees improvement across business segments

13 Jan 2022 09:00

By Claudia Tan

SINGAPORE Press Holdings (SPH) on Tuesday (Jan 11) said that its overall business improved in the first quarter to November following the gradual recovery of the economy.

On the group's purpose-built student accommodation (PBSA) front, SPH said it has achieved 98.7 per cent of its target revenue for the current academic year (AY) 21/22, and could exceed its target, given that there are still unoccupied rooms being marketed.

Sales of AY21/22 have exceeded that of AY20/21, said SPH.

For the upcoming AY22/23, SPH has secured 32.7 per cent of its target revenue. Repeat booking rates have doubled over those of AY21/22 following intensive marketing campaigns targeted at current students.

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Source: Business Times

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