Reuters UK
11 Jul 2008
SINGAPORE, July 11 (Reuters) - Singapore Press Holdings (SPRM.SI: Quote, Profile, Research), Southeast Asia's biggest newspaper publisher, suffered a 15.6 percent decline in quarterly profit after investment gains were hit by turmoil in the world's financial markets.
Investment income for the three months to the end of May plunged nearly two thirds, it said in a statement. But it added that investment earnings a year ago included proceeds from a capital cut by MobileOne (MONE.SI: Quote, Profile, Research), in which it owns a stake. Net profit for the first nine months of the year fell 8 percent
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