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Singapore Post’s 1Q16 Net Profit Up 15.8% To $46.6 Million
Daily Bulletin | 29 July 2015
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Singapore Post announced 1Q16 revenue of $254.6 million, gaining 20.7 percent from the same period last year, while net profit expanded 15.8 percent to $46.6 million.

The better topline performance was largely attributed to increasing logistics revenue on the back of growing contributions from e-commerce logistics activities and the inclusion of new subsidiaries.

Capital expenditure is expected to remain high in FY16 due to investments in infrastructure such as the eCommerce Logistics Hub and POPStation network. There are also plans to redevelop its retail space at Singapore Post Centre.

Singapore Post  0.950 -0.015 -1.55%   
Business: [FY19 Turnover] Post and Parcel (47.8%), logistics (31%), eCommerce (15.5%), property (5.7%).

Insight: May-19, FY19 revenue rose 2.9% to $1.6b largely du... Read More

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