sph

SPH’s profit for the latest quarter plunges by 44%!

SPH’s its net profit for the 1st quarter ended in November 2016 had plunging by 43.8% to $45.7m. This was a combination of several factors, including a 13.5% decline in advertising revenue and $7.5m in restructuring costs. The group had recognised a $2.6m impairment charge from optimising its printing capacity and another $4.8 million on…