Tuesday, July 12, 2011

Singapore Press 3Q profit falls 30%

Singapore Press Holdings, the city-state’s biggest newspaper publisher, said its fiscal third- quarter profit fell 30% to $114.8 million from $164.6 million after it didn’t repeat a gain from the sale of a housing project in the nation.

Operating revenue, which includes its newspapers and property businesses, declined 21% to $328.8 million, it said in a statement to the Singapore exchange today.
 

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