Dividends declared: $0.17 per share (down from $0.20 last year)
Dividend Ex.Date: 8 Dec 2011
Comments: Happy not to hold paper loss at the recent circumstances. But dividends cut doesn't bode well.
Actions: I'll hold, since I'm still making a gains but will keep a sharp lookout on the first quarter results to see if they're going "down under."
SINGAPORE |
Oct 12 (Reuters) - Singapore Press Holdings (SPH) on Wednesday posted a 22 percent drop in full-year net profit due to an absence of earnings from property development and said the outlook was uncertain.
SPH, which has a near-monopoly on newspaper publishing in Singapore, earned S$388.6 million ($303 million) in the financial year ended August 2011, down from S$497.9 million a year earlier.
Operating revenue for its core newspaper and magazine business grew 4 percent to S$1.01 billion.
SPH's 2009/10 financial year results were boosted by S$154.2 million in pretax profit from a residential development project.
SPH said it will pay a dividend of 17 Singapore cents, comprising a final dividend of 9 cents and a special dividend of 8 cents, down from 20 cents a year ago. ($1 = 1.283 Singapore Dollars)
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