Singapore Press Holdings

SPH records 7.5% rise in second quarter profits

SPH records 7.5% rise in second quarter profitsSingapore Press Holdings (SPH), the leading  Media and property company has said that it has recorded a 7.5 per cent rise in its net profit during the second quarter of the year.

The company's earnings were boosted by a one-off gain arising from a partial divestment of its stake in a regional online classifieds business. The company has said that its net profit for the three months till 28 February, 2014 recorded an increase to S$81.3 million compared to the same quarter of the previous year.

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