SPH – Q307
Financial Data
All the data are extracted from SPH Q307 Results Announcement,
|
FY05 |
Q106 |
Q206 |
Q306 |
FY06 |
Q107 |
Q207 |
Q307 | |
|---|---|---|---|---|---|---|---|---|
| Revenue |
1,007,512 |
263,576 |
241,723 |
268,043 |
1,031,351 |
274,188 |
253,653 |
290,998 |
| Op Profit |
351,887 |
103,059 |
83,122 |
94,502 |
361,086 |
107,347 |
83,970 |
108,822 |
| PBT |
558,364 |
121,872 |
103,719 |
194,699 |
509,420 |
136,914 |
117,054 |
186,137 |
| Net Profit |
488,389 |
98,548 |
84,453 |
174,590 |
428,344 |
112,365 |
107,990 |
159,388 |
| NPM |
48.47% |
37.39% |
34.94% |
65.14% |
41.53% |
40.98% |
42.57% |
54.77% |
| Cash |
70,192 |
258,139 |
130,986 |
132,460 |
81,387 |
365,097 |
209,887 |
245,867 |
| Investmt – S/T |
653,590 |
616,053 |
564,950 |
540,512 |
671,196 |
546,596 |
536,627 |
552,328 |
| Investmt – L/T |
121,005 |
390,369 |
418,425 |
398,136 |
403,466 |
366,827 |
343,251 |
332,583 |
| Investmt Prop |
1,059,000 |
1,059,304 |
1,060,088 |
1,131,521 |
1,130,890 |
1,130,986 |
1,131,730 |
1,139,046 |
| Loan – NCL |
650,000 |
650,000 |
631,111 |
630,944 |
610,778 |
602,681 |
593,745 |
583,745 |
| Loan – CL |
0 |
0 |
667 |
667 |
667 |
667 |
1,200 |
1,000 |
| NAV ($) |
1.02 |
1.29 |
1.21 |
1.23 |
1.28 |
1.36 |
1.26 |
1.29 |
| EPS ($) |
0.31 |
0.06 |
0.05 |
0.11 |
0.27 |
0.07 |
0.07 |
0.10 |
| DPS ($) |
0.178 |
0 |
0.07 |
0 |
0.17 |
0 |
0.07 |
0 |
Notes :
- All figures in S$,000 unless otherwise stated
- FY is end-Aug
Result Highlights
- Revenue
- Group Operating Revenue : +8.4% ($288.1M) Y-on-Y
- Revenue (Newspaper and Magazine) : +7.8% ($195.6M) mainly driven by the 10.4% increase in print advertisement revenue
- Circulation Revenue (after absorption of S$2.6 million in GST) : -0.8% (S$53.8)
- Property : +6.6% ($26.0M) Y-on-Y
- Costs
- Materials, Consumables and Broadcasting : +1.8% ($45.0M) with an increase in production costs of $0.8m (8.6%) mainly from the inclusion of new subsidiaries
- Staff : +12.0% ($76.7M) as a result of variable bonus provision, increased headcount and annual salary increment. Variable bonus provision was in line with the Group’s higher operating profits and the Group’s new performance-based incentive scheme. Total headcount in May 2007 was 3,684 compared to 3,583 a year ago because of the acquisition of new subsidiaries and staffing for new media businesses
- Depreciation : -$0.9 million (-6.8%) mainly due to timing in commissioning of new systems.
Consequently, profit before investment income at $108.8M was $14.3M (15.2%) higher than the corresponding quarter last year.
- Group Investment Income : +139.1% ($75.3M) Y-on-Y arising from net profit on sale of investments and profit from a capital reduction exercise by MobileOne Limited. In addition, last year’s investment income included special dividends from MobileOne Limited
Consequently, net profit was 8.5% lower at $159.8M compared to $174.6M in the corresponding quarter last year.
Forward Statements
- Print Advertisement Performance – Expected to be encouraging on the back of the positive economic outlook for Singapore
- Publications – Continue to enjoy healthy readership levels ; continuing with efforts to sustain its circulation base
- Newsprint prices are expected to remain soft in the near term. The Group will continue with cost management measures to sustain its core newspaper business
- Group is strengthening its presence on various new media platforms with more funding expected to be channelled to spearhead growth in this direction
- Paragon – Generating healthy rental yields amidst the strong sentiments in the property market.
- Sky@eleven – Profits for will be recognised using percentage-of-completion method over the life of the project
- Group expect to perform better than last financial year
Source : SGX