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SPH 1Q earnings down 44% to $46 mil

Jude Chan
Jude Chan1/13/2017 07:02 PM GMT+08  • 2 min read
SPH 1Q earnings down 44% to $46 mil
SINGAPORE (Jan 13): Media and property group Singapore Press Holdings posted earnings of $45.8 million in 1Q17 ended Nov 30, 2016, a decline of 43.8% from earnings of $81.3 million a year ago.
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SINGAPORE (Jan 13): Media and property group Singapore Press Holdings posted earnings of $45.8 million in 1Q17 ended Nov 30, 2016, a decline of 43.8% from earnings of $81.3 million a year ago.

This was mainly attributed to a 28.5% drop in operating profit to $70.8 million.

In an SGX filing on Friday, SPH says this was due to charges of $15.9 million arising from the media business review and impairment of an associate. Excluding the charges, operating profit would have declined by 12.4%.

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