to S$26.2 million from S$46.9 million a year ago as the media business stayed challenged amid falling print advertisement and circulation revenue. The lower earnings were also due to higher operating expenses which rose 5.5 per cent to S$220 million on the back of higher operational costs given the enlarged student accommodation portfolio and SPH Reit as well as higher financing costs and professional fees, said SPH in its results release. SPH shares closed unchanged at S$2.
Seagram MM Holdings is the holding company of Seagram Myanmar Company, a subsidiary housing Seagram’s whisky brands Seagram High Class and Seagram Imperial Blue. Following Pernod Ricard’s share subscription, Yoma Strategic now holds 19.8 per cent of Seagram MM Holdings, while Win Brothers hold 33 per cent, and Delta Capital Myanmar holds 13.2 per cent. Yoma Strategic shares last closed at S$0.385 on Friday, up one Singapore cent or 2.7 per cent.ct with Yara Pilbara Nitrates in Western Australia.
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