SPH profits dropped 19.7% to $281m in FY 2018

Submitted By:  Luz Wendy Noble Case Study:  No Operating revenue from the media segment slipped 9.6% to $725.4m. Singapore Press Holdings (SPH) saw its profits go down by $69m or 19.7% YoY to $281m in FY 2018 partly over the absence of the one-off gain on divestment of a joint venture which was witnessed in FY2017, an announcement revealed. Operating revenue for its media fell 9.6% YoY from $725.4m to $655.8m whilst revenues from its property segment also dipped 0.7% to $242m amidst a challenging retail environment, the firm said. read more