Singapore Press Holdings Limited (SGX: T39) (SPH) is Asia’s leading media organisation with three business segments — media, property and others.
It is the publisher of well-known daily newspapers such as The Straits Times and The Business Times.
The company just released its earnings for the full year ended 31 August 2020 (FY2020). The media business is still struggling, with COVID-19 making matters worse.
Let’s dive in further.
TL;DR: SPH’s Dividend Slashed; Net Loss for FY2020
- Operating revenue fell 9.8% year-on-year to S$865.7 million while operating profit plunged 41%.
- SPH saw a net loss of S$83.7 million in FY2020, compared to a net profit of S$213.2 million a year ago.
- Total dividend for FY2020 at 2.5 Singapore cents per share, down from 12 cents in FY2019.
Show Me The Moolah
The following shows how SPH’s different business segments performed in terms of revenue for FY2019 and FY2020: