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Thread: SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!

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    Default SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!



    MEDIA and property group Singapore Press Holdings (SPH) on Friday reported a net profit of S$28.9 million for its third quarter ended May 31, 2017, down 45 per cent from S$52.7 million a year ago.

    Operating revenue was down 10.8 per cent to S$260 million, due to a 15.7 per cent revenue decline in its core media business to S$182.5 million.

    Results were affected by impairment charges of S$37.8 million, primarily due to the magazine business whose performance continued to deteriorate further amid unfavourable market conditions.

    Alan Chan, SPH chief executive officer, said the group will forge ahead with its drive to transform its core media business.



    "We have pursued other growth opportunities to diversify revenue streams. To date, we have made steady progress with the recent acquisition of Orange Valley Healthcare and our joint venture winning the tender to develop a mixed commercial and residential site at Bidadari," he said.


    SPH, which owns The Business Times, closed at S$3.11, up six cents, before results were out.

    http://www.businesstimes.com.sg/comp...-s289m-down-45
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    Default Re: SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!

    such sweet music….play on

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    Default Re: SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!

    If profits in state owned companies fall the "lesser mortals" are going to end up paying more $. It could be increases in GST, water prices, power, coe, ERP, ... etc

    PAP gov't needs $$$ to prop up all their state owned companies. Don't forget that they have to provide jobs to the faith full.
    There are also still people who read & they have to be brain washed especially every 4 years.

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    Default Re: SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!

    Alternative news and fake news from the oppies have hurt SPH's profitability. I hope that when Ng Yat Chung becomes CEO from september onwards, he will make SPH great again.

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    Default Re: SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!

    Quote Originally Posted by JohnTan View Post
    Alternative news and fake news from the oppies have hurt SPH's profitability. I hope that when Ng Yat Chung becomes CEO from september onwards, he will make SPH great again.

    He don't sell away enough already.You still expect it to be great again.

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    Default Re: SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!

    Lets help Sph increase their np sales.

    Tgey shd include a few new pages for dog poo poo purpose.

    Many buy np for that purpose.

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    Default Re: SPH Q3 Profit Down 45% Due To Fake News Competition! Ng YC, Please Save SPH!

    Quote Originally Posted by tanwahtiu View Post
    Lets help Sph increase their np sales.

    Tgey shd include a few new pages for dog poo poo purpose.

    Many buy np for that purpose.
    I don't care what you use sph newspapers for as long as you buy it.
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