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Home / Capital / Results

SingPost reports slightly lower 3Q20/21 revenue of $351 mil, sees strong growth in e-commerce volumes

Results

SingPost reports slightly lower 3Q20/21 revenue of $351 mil, sees strong growth in e-commerce volumes

Felicia Tan Published on Thu, Feb 04, 2021 / 7:59 AM GMT+8

Singapore Post (SingPost) has reported group revenue of $351 million for the 3QFY2020/2021 ended December, 1% lower than revenue of $356 million in the corresponding quarter a year ago.

Q-o-q, the figure represented a 1% growth from 2QFY2020/2021’s $347 million driven by growth in the logistics segment.

The last mile delivery business in Australia, CouriersPlease, and Singpost’s freight forwarding entity, Famous Holdings, recorded revenue growth on the back of higher volumes.