Singapore Yellow Pages' Q3 profit falls 70% to S$1.5m
Since my report of the fall of profits of US publishers Donnelly (US 3rd largest) and also Yell.com (UK yellow pages) difficulty in meeting with their targets, it seemed that the US housing market is beginning to bite at every corner of the globe with devastating effect.
SINGAPORE: Mr Loh Kim Chin of CNA reported that Yellow Pages has announced a 70 percent fall in third-quarter profit to S$1.5 million which attributed to a S$3.4 million forex loss. Besides this, it is due to 30 percent drop in revenue to about S$12 million. It is also down by 24% YOY performance to S$13 million
Further it announced they will move to other vertical products to shore up its revenue such as a new Yellow Pages directory (hotel edition) to tap the rising tourism markets fuelled by the
integrated resort and F1 formula race that is fast transforming Singapore city. Other products are also planned such as heart land books, specialist guides over the next two years.
Poser: what do you think? Can Singapore Yellow Pages see a rise in the revenue. What are the other solutions?
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