Singapore Press FY net profit rises 18.1 pct on real estate gains - UPDATE
Posted on October 22, 2007 at 1:03 PM
SINGAPORE, Oct 12, 2007 (Thomson Financial via COMTEX) -- Media and property group Singapore Press Holdings (SPH) said its year-to-August net profit rose 18.1 percent to 506.20 million Singapore dollars, bolstered primarily by strong contributions from its property business.
The net profit was above the 469 million dollar consensus estimate from a poll of 14 analysts by Thomson First Call.
Revenue from property operations surged 80.2 percent to 177.80 million dollars as the group began recognizing contributions from its sold-out residential property project Sky@eleven.
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