12 Oct '11, 12pm

Media group SPH reports full year net profit of $389m

Media group SPH reports full year net profit of $389m

Media group Singapore Press Holdings reported net profits of $388.6 million for the full year 2011. -- ST PHOTO: ALPHONSUS CHERN Media group Singapore Press Holdings reported a net profit of $388.6 million for the full year 2011. Compared to the previous financial year (FY2010), the group net profit of $388.6 million was $109.3 million (22 per cent) lower as FY2010 had benefitted from [email protected] profits of $154.2 million. Excluding the effect of [email protected], group operating revenue surpassed the previous year's by $91.5 million (7.9 per cent) and recurring earnings rose by $24.1 million (6.3 per cent). The creditable performance was underpinned by higher advertisement revenues, robust growth in rental income, and continued progress in the exhibitions and online businesses. On the outlook for financial year 2012, chief executive officer Alan Chan said: 'The outlook remains u...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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