Singapore Press Holdings announced their Q3 2012 results yesterday.
- Net Profit for the quarter down 10%. this was largely due to lower Net Income from Investments
- Net Debt edges up. Net debt to asset is now 16% from 13% a quarter ago. This is largely due to investing in new Seletar land for shopping mall development
- Operating Cash Flow, Investing Cash Flow largely negative due to higher receivables and investments in new Seletar land venture
Fall in newspaper circulation
I went for a three week reservist training not too long ago and as I usually do not buy the Straits Times I took a look at it. The content is largely the same. The surprising thing was how thin the classified section was. Full page ads still look pretty well taken up.
I asked around and seems like no one orders newspapers at home any more. But it is somewhat ...
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