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%.
