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Singapore Press Holdings Ltd (SPRM.SI)

SPRM.SI on Stock Exchange of Singapore

2.74SGD
17 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Singapore Press Holdings posts FY net profit attributable of S$‍350.1 mln
Wednesday, 11 Oct 2017 05:58am EDT 

Oct 11 (Reuters) - Singapore Press Holdings Ltd :FY operating revenue S$1.03‍​ billion versus S$1.12 billion.Declared final dividend of ‍9​ cents per share.Expected to incur retrenchment costs of approximately S$13 million in 1Q 2018‍​.FY net profit attributable to shareholders S$‍350.1 million versus S$265.3 million .  Full Article

Singapore Press completes divestment of stakes in Mediacorp Press Ltd and Mediacorp TV Holdings
Friday, 29 Sep 2017 05:45am EDT 

Sept 29 (Reuters) - Singapore Press Holdings Limited :Completion of divestment of stakes in Mediacorp Press Ltd and Mediacorp TV Holdings Pte Ltd.  Full Article

Singapore Press enters loan agreement with Oversea-Chinese Banking Corp
Tuesday, 12 Sep 2017 06:23am EDT 

Sept 12 (Reuters) - Singapore Press Holdings Ltd ::Entered into a loan agreement with Oversea-Chinese Banking Corporation Limited for loan facility of S$280 million.Transaction has no material impact on earnings per share for FY ending 31 Aug 2018.  Full Article

Singapore Press Holdings says entered into conditional sale and purchase agreement
Friday, 25 Aug 2017 05:30am EDT 

Aug 25 (Reuters) - Singapore Press Holdings Ltd ::Entered into conditional sale and purchase agreement with Mediacorp.Agreement with Mediacorp in relation to proposed divestment of Sph's stakes in Mediacorp Press & Mediacorp Tv Holdings.Transaction is not expected to have a material effect on earnings per share of SPH for financial year ending 31 Aug 2017.SPH will sell to Mediacorp 19.3 million ordinary shares in MPL, for a consideration of S$9.4 million.Will sell to Mediacorp 18 million ordinary shares in MTV for a consideration of S$8.6 million.  Full Article

Singapore Press Holdings says Chan Heng Loon Alan is retiring as the CEO
Monday, 31 Jul 2017 07:04am EDT 

July 31 (Reuters) - Singapore Press Holdings Ltd :Appoints Ng Yat Chung as non-executive non-independent director for SPH REIT Management Pte.Says chan Heng Loon Alan is retiring as the CEO of Singapore Press Holdings Ltd.  Full Article

Singapore Press Holdings says ‍SPH Interactive enters into joint venture with Chongqing Zhu Ba Jie Network ​
Friday, 28 Jul 2017 05:17am EDT 

July 28 (Reuters) - Singapore Press Holdings Ltd :‍SPH Interactive entered into a joint venture with Chongqing Zhu Ba Jie Network Co​.Deal for consideration of S$2 million.Transaction is not expected to have material effect on net tangible assets or EPS of SPH Group for financial year ending 31 August 2017.  Full Article

M1's shares fall 8.6 pct after biggest shareholders call off strategic review
Tuesday, 18 Jul 2017 09:05pm EDT 

July 19 (Reuters) - Singapore telecom firm M1's :Shares fall 8.6 percent after company's biggest shareholders call off strategic review of their stakes.  Full Article

Singapore Press Holdings says qtrly net profit S$28.9 mln vs S$52.7 mln
Friday, 14 Jul 2017 06:25am EDT 

July 14 (Reuters) - Singapore Press Holdings Ltd ::Qtrly net profit S$28.9 million versus S$52.7 million.Qtrly group operating revenue S$260 million versus S$291.6 million."Operating environment is expected to remain challenging in view of the continuing disruption of the media industry"."Newsprint prices are expected to strengthen but remain dependent on the degree of market balance between supply and demand".  Full Article

Singapore Press Holdings says units won tender for 99-year lease of land at price of S$1.13 bln
Wednesday, 21 Jun 2017 06:13am EDT 

June 21 (Reuters) - Singapore Press Holdings Limited :Successful Tender For Mixed Development At Upper Serangoon Road.Elara 1 Pte & Callisto 1 Pte received notification from Housing And Development Board that they won tender for 99-year land lease.Elara 1 Pte and Callisto 1 Pte are cos equally and ultimately owned by SPH and Kajima Development.Acquisition of land not expected to have any material financial effect on eps for most recently completed fy ended 31 august 2016.Elara 1 pte. Ltd and Callisto 1 Pte. Ltd won tender for 99-year lease of land at bid price of s$1.13 billion.  Full Article

Singapore press updates on investment in an associated company
Thursday, 8 Jun 2017 05:33am EDT 

June 8 (Reuters) - Singapore Press Holdings Ltd :Co through unit holds 1 million new ordinary shares in RSPL amounting to 33.33% of its share capital for S$980,000.Unit has today entered into and completed a shareholders' agreement with Recomn Technologies and Recomn Singapore ​.Transaction will not have a material effect on nta or eps of sph group for financial year ending 31 August 2017.  Full Article

BRIEF-Singapore Press completes divestment of stakes in Mediacorp Press Ltd and Mediacorp TV Holdings

* Completion of divestment of stakes in Mediacorp Press Ltd and Mediacorp TV Holdings Pte Ltd Source text for Eikon: Further company coverage: