, Singapore

Readers deserting SPH newspapers

This is bad for the company as they will have to increase staff costs by 2.6%.

Ad revenues dropped 1.3% in 3QFY12 driven mainly by weaker classified ad demand which fell 9% YoY.

According to OCBC Investment Research, circulation revenues also declined 2.2% YoY as broad volume declines across SPH’s papers.

TD 3Q12 staff costs, however, increased 2.6% YoY to S$272.3m due to bonus provisions and the ACP Magazines acquisition. Newsprint costs declined somewhat in 3QFY12 at US$677/MT versus S$$690 the
previous quarter.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley