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

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SINGAPORE (July 11): Singapore Press Holdings reported 3Q18 earnings increased 64.3% to S$47.4 million from S$28.9 million in 3Q17 on the back of lower impairment charges.

Howeve, total revenue for the quarter was 3.8% lower at S$250.1 million from S$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 S$167.9 million and a 2.4% y-o-y decrease in its property segment to S$60.1 million, but partially offset by a 38.5% increase in its others segment to S$22.0 million... (Click here to read the full story)