For the past few years, Singapore Post (SingPost) has been struggling with inconsistent growth, owing to several reasons — from underperforming associates, high competition landscape to currently, the Covid-19 pandemic.

Although FY2020 ended March 2020 proved to be a good year for SingPost, as it hitched on the e-commerce boom amid the Covid-19 pandemic, its growth was short-lived.

This time, for its latest FY2021 results, earnings were once again down by 47.7% y-o-y to $47.6 million from $91.1 million a year ago. The group blamed this on Covid-19-related disruptions.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook