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Can SingPost deliver a turnaround?

Stanislaus Jude Chan
Stanislaus Jude Chan11/16/2017 03:46 PM GMT+08  • 2 min read
Can SingPost deliver a turnaround?
SINGAPORE (Nov 16): A turnaround seems to be on the cards for Singapore Post.
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SINGAPORE (Nov 16): A turnaround seems to be on the cards for Singapore Post.

The national postal carrier saw its earnings fall 9.5% to $28.5 million in 2Q on the absence of a one-off gain a year ago. However, excluding exceptional items, underlying net profit rose 1.9% to $27.6 million during the quarter.

Revenue grew 10.2% to $354.7 million, from $321.7 million a year ago, led by growth in the postal and logistics segments.

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