SINGAPORE (Oct 15): Singapore Press Holdings (SPH) reported FY18 earnings fell 19.7% to S$281.1 million, from S$350.1 million in FY17.
In FY18, the group did not record any gain on divestment of a joint venture, compared to S$149.7 million recognised in FY17.
Operating revenue for the financial year ended Aug 31 came in 4.8% lower at S$982.6 million, compared to S$1.03 billion in the same period last year.
This drop in overall operating revenue was led by a 9.6% y-o-y decline in media revenue to S$655.8 million. The group’s property revenue also saw a slight...(click on link for full story on theedgesingapore.com)