What is causing SingPost's mail revenues to decline?

Customers are shifting to alternative online services.

Analysts at UOB KayHian observed a structural decline in Singapore Post's postal segment.

The shift in revenue mix towards lower-margin international business saw postal operating profit decline 4.2% YoY.

They noted that with the steeper decrease in domestic mail revenue at 8% YoY, the decline in the domestic mail has not eased just yet.

"Going forward, we expect mail operating margins to remain suppressed as domestic mail revenue continues to be impacted by e-statements implementation and the shift to alternative online services," the analysts said.
 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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