SPH reports S$92.9m net profit for FY21

SINGAPORE Press Holdings (SPH) has swung into the black, with a net profit of S$92.9 million for the financial year ended Aug 31, 2021 (FY21), amid a slight increase in total revenue from continuing operations, and fair value gains on investment properties.

It reverses the net loss of S$83.7 million in the previous financial year, which had included S$232 million in fair value losses on investment properties.

A final dividend of three Singapore cents per share was proposed. If approved, SPH would pay a total dividend of six cents per share in FY21, up from 2.5 cent in FY20 …

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