SPH first-quarter profit up slightly, but ad sales slip


  • Business
  • Wednesday, 14 Jan 2004

Media group Singapore Press Holdings Ltd (SPH) has posted a small 1.2% rise in first-quarter profit, boosted by returns on investment properties. 

But SPH, owner of the 158-year-old English-language daily The Straits Times, said advertising revenue shrank in the quarter and gave a “cautious” outlook for its operating performance in 2004. 

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