Readers deserting SPH newspapers

16 Jul 2012 - Singapore Business Review
This is bad for the company as they will have to increase staff costs by 2.6%. Ad revenues dropped 1.3% in 3QFY12 driven mainly by weaker classified ad demand which fell 9% YoY. According to OCBC Investment Research, circulation revenues also declined 2.2% YoY as broad volume declines across SPH’s papers. ...
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SPH net profit sinks 11.5% YoY

16 Jul 2012 - Singapore Business Review
But the S$99.8-m decline sees hope in the growing rental income. According to DBS Vickers, headline net profit fell 11.5% y-o-y to S$99.8m, slightly below our expectations, largely due to lower investment income (S$9.5m, -60%) and higher staff costs (S$94m, -6%) as a result of bonus provisions. Here's ...
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SPH's retail landlord business to offset its newspapers' dwindling revenues

12 Jun 2012 - Singapore Business Review
The S$47.9m profit of Singapore Press Holdings' retail business contributed 22% of the total profit of the company in 1HFY12. In the face of an increasingly uncertain macro environment, OCBC expects SPH’s retail landlord business to provide a stable counterweight to its core print business which is ...
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SPH profit up 11.6% to $84.1m

16 Apr 2012 - Singapore Business Review
Singapore Press Holdings sure is happy with its rental income which rose 21.6% to $48 million. For the second quarter ended 29 February 2012, SPH said its recurring earnings of $90.1 million surpassed the performance of the corresponding quarter last year by $11.2 million or 14.2%. Net profit attributable ...
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