SPH posts 26% fall in 2Q earnings to S$29.7 mil on lower revenue, higher costs

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SINGAPORE (April 9): Singapore Press Holdings (SPH) reported 2Q19 earnings of S$29.7 million, down 25.7% from a year ago on lower revenue and higher premises costs and finance costs partly related to the UK student accommodation portfolio.

Total revenue fell 5.2% to S$227.8 million after operating revenue came in 4.4% lower at S$223.3 million, as print advertisement revenue declined while other operating income fell 31.6% to S$4.5 million.

For 1H19, earnings came in 14.7% lower at S$85.6 million, mainly due to...(click on link for full story on theedgesingapore.com)