SINGAPORE (Nov 5): Singapore Post (SingPost) reported a 2.2% y-o-y rise revenue to $368.7 million and a 12.9% drop in earnings to $25.1 million in 2Q19.

Excluding one-off items, underlying net profit rose 0.4% to $28.1 million in the quarter, bringing 1H19 to $52.8 million.

The bottom-line was supported by improved profit on operating activities but offset by negative contribution from associated companies investing for growth and higher taxes.

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