Faaez Samadi
Oct 12, 2017

SPH sees $75 million drop in ad revenue

Singapore Press Holdings' results were boosted by divestments and greater cost savings.

Singapore Press Holdings has announced a 16.9 percent decrease in advertising revenue across the business year-on-year, amounting to a significant SG$102.5 million US$75.7 million.

The publisher released its financial earnings report yesterday, in which it said full-year net profit stood at SG$350.1 million US$258.5 million, a 32 percent rise. However, revenue from SPH’s media business dropped 13 percent compared to 2016, a decrease of SG$108.8 million US...

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