Investment income took another beating – SPH

Looking at the latest financial results of Singapore Press Holdings (for year ended 31 August 2013), net income from investments fell 57.1% from $32.59 m to $13.97 m. Even for previous financial year ended 31 August 2012, net income from investment declined 35.2% from $50.35 m to $32.59 m.

Investment income came from available-for-sale financial assets, internally-managed investments, derivative financial instruments and deposits with financial institutions.

For current financial year, SPH took an impairment charge of $17.6 million on portfolio investments arising from prolonged decline in value. (Source: SPH) This year saw continued slide in investment income for SPH. Such is the difficult investment environment for investors.

If a big company had difficulty in this investment market environment, what more can we say about small time investors.

I see the equity market for Singapore a difficult one on a whole for this year. My Singapore portfolio was down 7.8% as at 11 October 2013. However, I have received 2.5% dividend return on total cost of portfolio and realised gain of 7.8% on sale of investments. On dollar basis, I just about breakeven.

Copyright © 2013, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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