SPH’s net profit slipped 21.9% on back of lacklustre print revenue

It raked in $69.4m for the first quarter.

Singapore Press Holdings reported that its profit after tax dipped 21.9% year-on-year to $69.4m in the first quarter.

According to OCBC, the decline was due to reduced contributions from the group’s core newspaper and magazine business, which was impacted by continued headwinds in the print advertising market.

Its total revenue for the quarter also dipped 6.5% year-on-year. Contributions from its newspaper and magazine segment slipped to $20.2m.

“Over 1QFY15, the performance of the core print segment remained uninspiring as display and classified revenue fell 8.3% and 9.5%, respectively. Staff costs were kept mostly flat at S$92.8m, up 1.7% YoY, while the average headcount was also stagnant at 4,310 as at end Nov 14 (versus 4,322 a year ago). Newsprint prices continued to inch down to S$586/MT versus S$598/MT in 4QFY14, while average monthly consumption
also fell to 7,847 MT,” stated OCBC.

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