You are here

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


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to