SPH investments

• qpicanto

  13 Oct 09, 11:53

  Of  the $482m profit out of which $286m from newspaper & magazine $242m from property investments

  Is GLC sph contributing to the high property price here ?

  reported 12/10/09 in the party mouthpiece :

  "we CUT WAGES , operation costs and budgets across the board. These helped sph to weather the financial storm and MAXIMISE SHAREHOLDERS'VALUE''

  your comments please .

• pearlie27

  13 Oct 09, 21:35

  Not sure if i understand you correctly but the financial storm here is the result of by the financial meltdown in U.S. and not due to SPH's investments.
• qpicanto

  13 Oct 09, 22:42

  Originally posted by pearlie27:

  Not sure if i understand you correctly but the financial storm here is the result of by the financial meltdown in U.S. and not due to SPH’s investments.

  
  This glc-sph seems be looking for new avenues to augment their profits that are derived from property investments. Are other glcs doing the same here ?

   

   

• AYYX

  14 Oct 09, 00:40

  Money has to come from somewhere...... somehow......   

• qpicanto

  14 Oct 09, 10:10

  how come wages of the workers are cut so as to maintain the profits for shareholders; workers are also badly affected by the downdown.

   

• eagle

  18 Oct 09, 01:59

  lots of dividends coming my way :)