Singapore Press Holdings: Q3 earnings takeaways

Net profit falls 45.2 percent to S$28.87 million

sph
Singapore Press Holdings
Singapore Press Holdings
  • Q3 net profit falls 45.2 percent to S$28.87 million
  • Revenue declines 10.5 percent to S$265.62 million
  • Results for the current quarter were impacted by impairment charges of $37.8 million
  • Group has completed the sale of 701Search and expects to recognise a profit of about $150 million from the divestment in the next reporting period
  • Shares down 2.9 percent to S$3.02 on Monday

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