SPH 1H RESULTS

Not very bright I must say. And to keep up with its dividend payment of 7cts, I am not sure how much it is digging into its own pockets.

The more worrisome thing is this.

It may not be new. But it just makes the newspaper business much more of a concern for me. By lumping it with other media related subsidiaries and associates make things a bit more opaque. 

Look at it this way, circulation numbers have been the same over the years. But the Singapore population has been rising. 

What gives?