14 Jan '11, 10am

Media group Singapore Press Holdings has posted a net profit of $102.3 million for its first quarter ended Nov 30 2010.

SPH has posted a net profit of $102.3 million for its first quarter ended Nov 30 2010 (1Q 2011). -- ST PHOTO: CHEW SENG KIM MEDIA group Singapore Press Holdings (SPH) has posted a net profit of $102.3 million for its first quarter ended Nov 30 2010 (1Q 2011). This is a drop of 29.3 per cent from the same period a year ago, mainly because last year's numbers included profits from SPH's condominium project [email protected], the group said in a release on Friday. Taking out [email protected], however, group operating revenue improved 12.3 per cent in the quarter, rising to $318.7 million. An increase in print advertisement revenue also boosted profits from the newspaper and magazine segment by 9.2 per cent to $265.5 million. Rental income from the group's mall Paragon rose by 26.1 per cent, or $7.5 million, after the building's facade was enhanced. Some stores in SPH's new mall, Clementi ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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