One-off gains lift Q2 earnings of SingPost

Singapore

SINGAPORE Post (SingPost), which is rapidly expanding into e-commerce and logistic business, reported 38.5 per cent rise in net profit to S$53.44 million, up from S$38.59 million one year ago for the fiscal second quarter ended Sept 30. Revenue for the period rose 19.4 per cent to S$263.17 million from S$220.34 million.

The rise was helped by one-off gains. The company's underlying net profit - before one-off items - for the period was down 4.8 per cent at S$37.54 million, from S$39.43 million one year ago.

Earnings per share (EPS) for the quarter were 2.31 Singapore cents, up from 1.63 Singapore cents one year ago. For the second quarter, the company has declared an interim dividen…