Media and property group Singapore Press Holdings’ 1Q earnings rose 17.3% y-o-y to $81.3 million.
Revenue slipped 3.5% to $296.2 million for the period on the back of a $21.4 million decline in media revenue. The group attributed the poorer media revenue to declining advertising sales.
Revenue for its property segment grew 16% to $59.7 million, owing to the contribution from The Seletar Mall.
Investment income for 1Q rose to $10.3 million from $1.7 million due to a fair-value loss that was included in 1Q2015 on forward hedges for portfolio investments.
SPH closed 1.1% lower at $3.67.
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Revenue slipped 3.5% to $296.2 million for the period on the back of a $21.4 million decline in media revenue. The group attributed the poorer media revenue to declining advertising sales.
Revenue for its property segment grew 16% to $59.7 million, owing to the contribution from The Seletar Mall.
Investment income for 1Q rose to $10.3 million from $1.7 million due to a fair-value loss that was included in 1Q2015 on forward hedges for portfolio investments.
SPH closed 1.1% lower at $3.67.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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