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SingPost's 2Q earnings fall 9.5% to $28.5 mil on absence of one-off gain

Stanislaus Jude Chan
Stanislaus Jude Chan11/14/2017 07:29 PM GMT+08  • 2 min read
SingPost's 2Q earnings fall 9.5% to $28.5 mil on absence of one-off gain
SINGAPORE (Nov 14): Singapore Post saw its earnings fall 9.5% to $28.5 million in the 2Q ended September, down from $31.4 million a year ago.
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SINGAPORE (Nov 14): Singapore Post saw its earnings fall 9.5% to $28.5 million in the 2Q ended September, down from $31.4 million a year ago.

This was due to the absence of a one-off gain a year ago from the dilution of interest in an associated company.

Excluding such exceptional items, underlying net profit rose 1.9% to $27.6 million.

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