Singapore Press Holdings annual report 2011 Singapore Press ...

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30 Singapore Press Holdings annual report 2011 CEO’s overview OF GROUP OPERATIONS
31 Despite an uncertain economic climate and a fast-changing media landscape, SPH’s core business remained resilient for FY 2011. The Group’s net profit was $389 million. Its revenue from the Newspaper and Magazine segment grew year-on-year by $39 million (4 per cent) to $1,013 million. Print advertisement revenue rose by $42 million (5.7 per cent), boosted by strong display advertisement sales. NEWSPAPERS The Group’s print media held its ground against increased competition from various new media platforms, with total newspaper circulation averaging 981,339 copies per day, only a slight year-on-year decline of 0.2 per cent. SPH’s newspapers performed well during the General Elections period, when total daily sales averaged 1,037,000 copies, an increase of 71,000 copies. Shin Min Daily News, in particular, scored a record high of 186,000 copies on Election Results Day. The Straits Times held its position as the best-read paper in Singapore with a daily readership of 1.4 million, according to the Nielsen Media Index 2010 survey. Aided by a subscription drive, the Group’s flagship registered a year-on-year growth of 0.6 per cent to 354,654 copies. It also launched its iPad application as well as a monthly newsletter for subscribers. Lianhe Zaobao continued to establish its reputation as an authoritative source and insightful voice of information and opinions for Chinese communities at home and abroad. Mr Goh Sin Teck became its new editor after former editor Mr Lim Jim Koon retired from the post to become its editorial advisor. The New Paper remained the second best-read paid English daily in Singapore (Nielsen Media Index 2010). More significantly, it was the top choice for young readers in the 15 to 29 age group, and the second most popular newspaper with advertisers (Marketing Magazine). The paper’s revamped website was launched in April 2011.
Page 1 and 2: BUILDING ON OUR STRENGTHS Singapore
Page 3: OUR MISSION To Inform, Educate & En
Page 7: STRENGTH in depth Our decades of ex
Page 11 and 12: STRENGTH in mobility Transcending l
Page 13 and 14: Group financial HIGHLIGHTS for the
Page 15 and 16: Businesses and products UNDER THE S
Page 17 and 18: 15 I am pleased to report that the
Page 19 and 20: 17 SPH is proud to have been honour
Page 21 and 22: 19 Dr Tan is a Singapore Government
Page 23 and 24: 21 Ms Chong, a licensed valuer, gra
Page 25 and 26: Corporate INFORMATION 23 Executive
Page 27 and 28: 25 Tony Mallek Han Fook Kwang Goh S
Page 29 and 30: 27 Han Fook Kwang Editor, The Strai
Page 31: 29 Sng Ngoi May Executive Director,
Page 36 and 37: 34 Singapore Press Holdings annual
Page 38: 36 Singapore Press Holdings annual
Page 41 and 42: 39 Paragon Food & Beverage Fair 201
Page 43 and 44: 41 DECEMBER 2010 Paragon’s Interi
Page 45 and 46: 43 15 MAY 2011 Shape Singapore laun
Page 47 and 48: 45 SPH & SPH Foundation Charity Giv
Page 49 and 50: 47 President’s Challenge - “Tho
Page 51 and 52: Corporate social responsibility - S
Page 53 and 54: Environmental SUSTAINABILITY 51 SPH
Page 55 and 56: 53 SPH Family Day Yoga class for st
Page 57 and 58: 55 Singapore HR Awards 2011 Preside
Page 59 and 60: 57 Asian Publishing Awards 2011 17.
Page 61 and 62: 59 Board attendance The Board meets
Page 63 and 64: 61 Access to information Principle
Page 65 and 66: 63 Remuneration of Executives The B
Page 67 and 68: 65 A webcast of the half-year and f
Page 69 and 70: 67 Mr Willie Cheng Jue Hiang Curren
Page 71 and 72: Risk MANAGEMENT 69 SPH has put in p
Page 73 and 74: Daily average NEWSPAPERS CIRCULATIO
Page 75 and 76: 73 After-Tax Profit (S$’m) Return
Page 77 and 78: Value added STATEMENT for the finan
Page 79 and 80: 77 Investor Relations Calendar 1st
Page 81: 79 Recurring Earnings @ and Dividen
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82 Singapore Press Holdings annual
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Directors’ Report for the financi
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Consolidated Income Statement for t
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Consolidated Statement of Changes i
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Notes to the Financial StatementS A
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Operating Companies OF the Group as
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Overseas BUREAUS as at August 15, 2
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Overseas BUREAUS as at August 15, 2
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Singapore Press Holdings Limited 10
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