The company, which used to be popular among shareholders for its generous dividends, announced a final dividend of just one cent, down from 6.5 cents paid in the preceding year.
Singapore Press Holdings, which makes property investments and publishes newspapers, has reported a loss of $83.7 million for the full year ended 31 August 2020 (FY20), reversing earnings of $213.2 million a year ago.
Revenue for the same period was down 9.8% y-o-y to $865.7 million. Its media business suffered a 22.8% y-o-y decline to $445.2 million. Operating earnings for the year came in at $110.3 million, down 41% y-oy.
