SingPost’s net profit for the first half of its financial year fell by 17.1% y-o-y to S$18.4 million (US$14.1 million), said the company on Monday (Nov 10).
Sigpost three key business segments: logistics and letters, post office network, and property assets.
Two of the three segments saw revenue fall in the first half of the financial year.
The logistics and letters segment: -33.1 % y-y Operating -S$4.4 million compared to a profit of S$13.7 million
SingPost’s post office network: - 13.9% y-y Operating - S$5.8 million, an improvement from a loss of S$6.7 million
Property assets segment :+3.4% the $40.6m y-y
Operating profit was S$23.9 million, a slight decrease from S$24.7 million
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