SingPost reports 7.3% rise in Q2 net profit to $32.9 million
Singapore Post (SingPost) said its second quarter net profit rose by 7.3 per cent to $32.9 million.
However, underlying profit for the three months to Sept 30 was flat at $32.7 million.
Revenue grew 9.1 per cent to $153.7 million, with growth in all business segments.
In spite of a 3.1 per cent decline in domestic mail volume, mail revenue was up 12.5 per cent at $105.5 million.