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SPH posts 64% rise in 3Q earnings to $47 mil on lower impairment charges

Samantha Chiew
Samantha Chiew7/11/2018 06:32 PM GMT+08  • 2 min read
SPH posts 64% rise in 3Q earnings to $47 mil on lower impairment charges
SINGAPORE (July 11): Singapore Press Holdings reported 3Q18 earnings increased 64.3% to $47.4 million from $28.9 million in 3Q17 on the back of lower impairment charges.
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SINGAPORE (July 11): Singapore Press Holdings reported 3Q18 earnings increased 64.3% to $47.4 million from $28.9 million in 3Q17 on the back of lower impairment charges.

Total revenue for the quarter was 3.8% lower at $250.1 million from $260.0 million a year ago.

This was mainly due to an 8.0% y-o-y decrease in revenue from the group’s media segment to $167.9 million and a 2.4% y-o-y decrease in its property segment to $60.1 million, but partially offset by a 38.5% increase in its others segment to $22.0 million.

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