Operating revenue decreased by 4.5% from $1.17 billion (FY15) to $1.12 billion (FY16).
Operating Profit down by 13.7% from $353 million (FY15) to $305 million (FY16).
Investment income remains little change at $51.7 million as compared to FY15
Profit after tax down by 17.4% from $370 million (FY15) to $306 million (FY16).
SPH online classified business is slowly gaining ground as losses reduced from
$38 million (FY15) to $24 million(FY16).
Revenue from Property segment cushioned the fall in FY2016 total revenue.
Although Operating costs fell by 2.7% , Staff costs & other operating expenses form 57.7% of the total operating costs.
With declining revenue from Media segment & challenging economic outlook ,SPH might resort to cut staff & expenses to mitigate the fall in revenue.
Final & special dividend of $0.11 per share declared.
FY2016 total dividend of $0.18 per share which is $0.02 lesser than FY2015 & because SPH is the largest shareholding in my Portfolio, my total dividend FY2016 will be reduced.
Operating Profit down by 13.7% from $353 million (FY15) to $305 million (FY16).
Investment income remains little change at $51.7 million as compared to FY15
Profit after tax down by 17.4% from $370 million (FY15) to $306 million (FY16).
SPH online classified business is slowly gaining ground as losses reduced from
$38 million (FY15) to $24 million(FY16).
Revenue from Property segment cushioned the fall in FY2016 total revenue.
Although Operating costs fell by 2.7% , Staff costs & other operating expenses form 57.7% of the total operating costs.
With declining revenue from Media segment & challenging economic outlook ,SPH might resort to cut staff & expenses to mitigate the fall in revenue.
Final & special dividend of $0.11 per share declared.
FY2016 total dividend of $0.18 per share which is $0.02 lesser than FY2015 & because SPH is the largest shareholding in my Portfolio, my total dividend FY2016 will be reduced.
SPH dividends keep decreasing since 2012, sunset liao.
ReplyDeleteFundamentals still looks good ,they need to rejuvenate the media business & they have huge cash reserves which can use for acquisition if the opportunity arises.
ReplyDelete