SPH profits rise

Singapore Press Holdings (SPH) reported its results for the second quarter ended Feb 28, 2014 (2Q FY14) and net profit attributable to shareholders was $81.3 million, $5.7 million (7.5 per cent) higher compared to 2Q FY13.

The group's results were lifted by a $52.9 million gain on partial divestment of its stake in the regional online classified business.

The directors have declared an interim dividend of 7 cents per share which will be paid on May 23, 2014.

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