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Near-S$100m impairment on US assets pushes SingPost S$75m into red

Singapore

AN ALMOST S$100 million impairment for its struggling United States e-commerce subsidiaries caused Singapore Post (SingPost) to deliver a net loss of S$75.1 million for the quarter ended March 31, reversing from a net profit of S$31.8 million a year ago.

Following a hefty...

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