SPH's net profit up 9.6% to $98.2m in Q3

Its property segment drove growth.

Singapore Press Holdings (SPH) reported that its net profit grew 9.6% year-on-year to $98.2m in the third quarter.

The growth was driven by higher revenue from its property segment, which offset revenue declines in its media segment.

Property revenue grew 16.5% to $59.4m on back of contribution from The Seletar Mall and higher rental income from Paragon and The Clementi Mall.

However, media revenue dipped 5.6% due to lower advertisement revenue.

“Whilst the Group has achieved improved performance for the quarter, the road ahead remains challenging given the muted economic outlook, a sluggish advertising market and a media industry confronted with structural challenges," said Alan Chan, Chief Executive Officer of SPH,

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia