Under Fatty Ng's stellar direction, ASS-PEE-H's media biz enjoys massive 14% revenue fall in Q1

[micromachine]

Singapore Press Holdings has encountered a rocky start to 2018 with the announcement of another revenue decline within its core media business.

The owner of The Straits Times reported a 13.9 per cent fall in earnings in the first quarter for 2018, tumbling by S$28m to S$174m from the same period in 2017.

At the same time, the media arm’s pre-tax profit dropped 20.2 per cent to S$26.5 million.

More at https://www.mumbrella.asia/2018/01/...d-trajectory-with-14-per-cent-q1-revenue-fall

 

[micromachine]

ROUND OF APPLAUSE!!!!!!!!

 

[Scrooball (clone)]

This fat fuck is ruining businesses everywhere he goes.

SPH is behind the times. Still meddling with print media and traditional tv. They were taking a bold step in introducing Toggle the online platform. But they have not managed to do anything useful w it. No advertisers wanna be seen hawking their shit on this half-ass platform.

 

[po2wq]

sinkie peasants shud b gr8fool dat a dey haf a big deal skolar helming n organisation of such massif importance ... it wud haf been worserer otherwise ...

 

[JohnTan]

Singapore Press Holdings has encountered a rocky start to 2018 with the announcement of another revenue decline within its core media business.

The owner of The Straits Times reported a 13.9 per cent fall in earnings in the first quarter for 2018, tumbling by S$28m to S$174m from the same period in 2017.

At the same time, the media arm’s pre-tax profit dropped 20.2 per cent to S$26.5 million.

More at https://www.mumbrella.asia/2018/01/...d-trajectory-with-14-per-cent-q1-revenue-fall

Fake news like yours is why the good minister Shan wants to set up the new Select Committee to ensure sinkies read only the truth. The truth is that SPH did well this quarter. I am confident of General Ng's leadership and have loaded up 500,000 more SPH shares today.

Media and property group Singapore Press Holdings (SPH) reported net profit of S$60.4 million for its first quarter ended November 30, 2017, up 32 per cent from S$45.7 million a year ago.

Operating revenue slipped 7 per cent to S$258.8 million, driven by a 13.9 per cent decline in media revenue to S$173.9 million.

But cost reductions meant operating profit fell only 4.1 per cent to S$67.9 million.

Profit was boosted by investment income of S$12.4 million, on gains on disposal of investments and dividend income.

Ng Yat Chung, SPH chief executive officer, said in a statement that the company will roll out new products to deal with the disruption in the core media business.

"At the same time, we will continue to pursue other growth opportunities to diversify revenue streams," he said.

SPH shares closed at S$2.63, down 2 cents or 0.8 per cent, before the results were out.

http://www.businesstimes.com.sg/com...ofit-up-32-to-s60m-on-investment-income-boost

 

[Hangover]

Fake news like yours is why the good minister Shan wants to set up the new Select Committee to ensure sinkies read only the truth. The truth is that SPH did well this quarter. I am confident of General Ng's leadership and have loaded up 500,000 more SPH shares today.

Media and property group Singapore Press Holdings (SPH) reported net profit of S$60.4 million for its first quarter ended November 30, 2017, up 32 per cent from S$45.7 million a year ago.

Operating revenue slipped 7 per cent to S$258.8 million, driven by a 13.9 per cent decline in media revenue to S$173.9 million.

But cost reductions meant operating profit fell only 4.1 per cent to S$67.9 million.

Profit was boosted by investment income of S$12.4 million, on gains on disposal of investments and dividend income.

Ng Yat Chung, SPH chief executive officer, said in a statement that the company will roll out new products to deal with the disruption in the core media business.

"At the same time, we will continue to pursue other growth opportunities to diversify revenue streams," he said.

SPH shares closed at S$2.63, down 2 cents or 0.8 per cent, before the results were out.

http://www.businesstimes.com.sg/com...ofit-up-32-to-s60m-on-investment-income-boost

Excellent hindsight! It's a great business move, just like an outstanding general in battlefield.
Retrenching more in SPH can create greater profits when business volume drops.

CHEERS!!!!

 

[chittychitty]

Fake news like yours is why the good minister Shan wants to set up the new Select Committee to ensure sinkies read only the truth. The truth is that SPH did well this quarter. I am confident of General Ng's leadership and have loaded up 500,000 more SPH shares today.

Media and property group Singapore Press Holdings (SPH) reported net profit of S$60.4 million for its first quarter ended November 30, 2017, up 32 per cent from S$45.7 million a year ago.

Operating revenue slipped 7 per cent to S$258.8 million, driven by a 13.9 per cent decline in media revenue to S$173.9 million.

But cost reductions meant operating profit fell only 4.1 per cent to S$67.9 million.

Profit was boosted by investment income of S$12.4 million, on gains on disposal of investments and dividend income.

Ng Yat Chung, SPH chief executive officer, said in a statement that the company will roll out new products to deal with the disruption in the core media business.

"At the same time, we will continue to pursue other growth opportunities to diversify revenue streams," he said.

SPH shares closed at S$2.63, down 2 cents or 0.8 per cent, before the results were out.

http://www.businesstimes.com.sg/com...ofit-up-32-to-s60m-on-investment-income-boost

Er I think TS was referring to losses in media biz? stated clearly in thread title mah

 

[Narong Wongwan]

SPH to be auction off soon? Huat ah!

 

[ToaPehGong]

Ng Yat Chung, SPH chief executive officer, said in a statement that the company will roll out new products to deal with the disruption in the core media business.

MRT core business affected, CEO asked errand workers to own up.
SPH core media business affected, who owns up?

 

[metalrover]

No worries, still need the papers for my pets to pee & shit on. Dont wanna mess up, u know..