Business Services Industry
SINGAPORE PRESS HOLDINGS POSTS HIGHER YEAR GROUP NET PROFIT.
AsiaPulse News, October, 2003
SINGAPORE, Oct 14 Asia Pulse - Singapore Press Holdings Limited (SPH) (SGX:SPRM) has recorded group net profit of S$378.7 million (US$218.91 million) for the year ended 31 August 2003, up 23.2 per cent from the previous financial year.
Excluding exceptional items, the net profit for the financial year was S$257.0 million, a decline of 15.8 per cent.
In a statement, SPH said group turnover dipped marginally to S$897.8 million amid a difficult economic climate.
Turnover from newspapers and magazines segment and from property segment decreased by 2.3 per cent and 2.2 per cent to S$789.4 million and S$52.7 million respectively.
However, the declines were mitigated by a significant rise of 34.7 per cent for turnover from broadcasting and...
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