Singapore Press Holdings Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was 4 Singapore cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.
EPS rose 19.6% year over year from 3 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was S$57.5 million, an increase of 12.2% from S$51.2 million in the prior-year period.
The normalized profit margin rose to 19.4% from 16.7% in the year-earlier period.
Total revenue declined year over year to S$296.2 million from S$307.1 million, and total operating expenses fell year over year to S$189.5 million from S$195.8 million.
Reported net income rose 17.3% from the prior-year period to S$81.3 million, or 5 cents per share, from S$69.3 million, or 4 cents per share.
As of Jan. 12, US$1 was equivalent to S$1.44.
