13 Apr '12, 4pm

SPH 2Q Net Profit Rise 11% to S$84.1M!

SPH 2Q Net Profit Rise 11% to S$84.1M!

SPH 2Q Net Profit Rise 11% to S$84.1M! by Dou on April 13, 2012 On 13/April, Singapore shares ended higher after data showing China’s economy cooled more than expected in the first quarter strengthened expectations that Beijing could ease its monetary policies further. STI ended higher at 2987.82 (0.3%) with HIGH VOL of 4.53 billion shares traded compared with 3.3 billion shares Thursday. In the broader market, gainers outnumbered losers 230 to 169. Today STI merely rebound on weak buying pressure as investors await for earning report ahead. Headline in STI After market close Singapore Press Holdings Ltd. (T39.SG) 2Q net profit rose 11.6% to S$84.1 million from S$75.4 million a year earlier helped by higher rental income from the group’s retail properties, while its core publishing business saw flat growth. Technical Analysis on STI Immediate Resistance of STI: 3005 Immedi...

Full article: http://thefinance.sg/2012/04/13/sph-2q-net-profit-rise-11...

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