SPH eyes malls, says magazines a growth business

Theedgesingapore.com, 30 Dec 2010Singapore Press Holdings (SPH) (SPRM.SI) is eyeing further investments in real estate, in particular shopping malls that will provide recurring income, but media will remain the firm’s core business, its chief financial officer said.Apartment sales and rental income accounted for a quarter of SPH’s $1.4 billion operating revenue last financial year, and the firm