Homepage
PR Newswire
15-07-2014, 08:07 PM
SPH announces 3Q FY 2014 results..
Personnally, results are pretty much as expected, not a terribly exciting and brilliant performance.. Unable to arrest slide in newspaper adverts (down S$16m) and circulation revenues (down $3m), and are down 8% and 6% respectively. Seems no end to its "core business" revenues slide. That said, SPH's cost cutting measures and efficiency push - led by BCG, are progressing well and are seeing limited positive effects.
SPH's managed Property did well.. Paragon is 100% leased, and hopefully, Seletar Mall will come smoothly online circa end 2014. Overall, SPH's net attributable profits for 9 months 2014 are $260m, and looking into the cystal ball, should hover ard $320m-$340m at full Yr2014, barring anymore divestments (such as 701).
See link for more insights.
http://sph.listedcompany.com/news.html/id/416164
Going forward, can't expect tremendous performances with the newsprint sector. Revenue pie will continue to decline...
- currently vested (for quite some while alr) -
Personnally, results are pretty much as expected, not a terribly exciting and brilliant performance.. Unable to arrest slide in newspaper adverts (down S$16m) and circulation revenues (down $3m), and are down 8% and 6% respectively. Seems no end to its "core business" revenues slide. That said, SPH's cost cutting measures and efficiency push - led by BCG, are progressing well and are seeing limited positive effects.
SPH's managed Property did well.. Paragon is 100% leased, and hopefully, Seletar Mall will come smoothly online circa end 2014. Overall, SPH's net attributable profits for 9 months 2014 are $260m, and looking into the cystal ball, should hover ard $320m-$340m at full Yr2014, barring anymore divestments (such as 701).
See link for more insights.
http://sph.listedcompany.com/news.html/id/416164
Going forward, can't expect tremendous performances with the newsprint sector. Revenue pie will continue to decline...
- currently vested (for quite some while alr) -