SingPost's net profit hits all-time high of $46.6m in Q1
On back of divestment gains.
SingPost reported that its net profit jumped to an all-time high of $46.6m in the first quarter, 15.8% higher compared to the same period last year.
The robust growth was driven by one-off divestment gains. Excluding these gains, underlying net profit rose 8% to $40.3m.
The Postman also enjoyed a 20.7% growth in revenue to $254.6m on back of continued growth in its e-commerce and logistics segments.
SingPost’s Board has declared an interim quarterly dividend of 1.5 cents per ordinary share, which will be paid on 27 August.