SINGAPORE (May 8): In the war of Covid-19, there are only a few winners. Singapore Post (SingPost) appears to be one of them.

The group booked earnings of $7.2 million for 4QFY2019-20, a reversal from losses of $75.1 million last year.

This lifted its full-year earnings to $91.1 million, nearly quadruple that of earnings of $19.0 million last year. For the quarter under review, the improved bottom line figures come on the back of absence of impairment charges for its US businesses incurred in the previous year including Jagged Peak and TradeGlobal - both of which have filed for voluntary petitions for relief under the bankruptcy code of the US.

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