SPH slashes dividends by 73% amid Covid-19 concerns even as 2Q earnings rise 5.5% to $31.3 mil

SINGAPORE (Apr 7): Singapore Press Holdings (SPH) has reported earnings of $31.3 million for 2QFY2020 ended February, a 5.5% increase from $29.7 million a year ago.

However, the group’s increase in the second quarter proved insufficient in lifting its earnings for 1HFY2020, which came in at $77.6 million, or 9.3% lower than the previous year.