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SPH records first net loss of S$83.7 million for FY2020 as COVID-19 ‘severely disrupts’ all business segments

SINGAPORE: Singapore Press Holdings (SPH) reported its first net loss of S$83.7 million for the financial year ended Aug 31, as COVID-19 took a big bite out of all its business segments.

This compares to the net profit of S$213.2 million that SPH posted a year ago.

The loss was reflected in non …

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