Operating revenue for 1H 2016 at $555.5 million , down by 3.8% from $577.35 million for 1H 2015
Operating profit for 1H 2016 at $167.1 million , down by 1.9% from $170.33 million for 1H 2015.
Net profit for 1H 2016 at $135.4 million , down by 2.5% from $138.97 million for 1H 2015.
Operating revenue for 3 business segments namely Media ,Property & Other business(exhibitions & online classifieds) all increase except for Media segment due to decrease in advertisement & circulation revenue.
Comparing 2Q FY2016 & 2Q FY2015 result , the drop in net profits by 22% about $15 million is not a concern as the increase of net profits in 2Q FY2015 was due to a one time off sale investment by SPH.
On containing the costs, SPH have done well as operating costs have reduced by $11.3 million
to $196.1 million. I believe there is more room for improvement in reducing operating costs .
Not much allocation changes for SPH war chest of $1.2b investible fund ,as they are taking a conservative stance with capital preservation in mind.
Interim dividend at $0.07 per share . Ex date on 4 of May 2016.
Dividend will be credited on 24 of May 2016.
*Vested in SPH*
Operating profit for 1H 2016 at $167.1 million , down by 1.9% from $170.33 million for 1H 2015.
Net profit for 1H 2016 at $135.4 million , down by 2.5% from $138.97 million for 1H 2015.
Operating revenue for 3 business segments namely Media ,Property & Other business(exhibitions & online classifieds) all increase except for Media segment due to decrease in advertisement & circulation revenue.
Comparing 2Q FY2016 & 2Q FY2015 result , the drop in net profits by 22% about $15 million is not a concern as the increase of net profits in 2Q FY2015 was due to a one time off sale investment by SPH.
On containing the costs, SPH have done well as operating costs have reduced by $11.3 million
to $196.1 million. I believe there is more room for improvement in reducing operating costs .
Not much allocation changes for SPH war chest of $1.2b investible fund ,as they are taking a conservative stance with capital preservation in mind.
Interim dividend at $0.07 per share . Ex date on 4 of May 2016.
Dividend will be credited on 24 of May 2016.
*Vested in SPH*
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