SingPost banks on e-commerce as Covid-19 hits other business segments
CEO Paul Coutts is unfazed about intensifying competition as he believes that can help grow a bigger pie for all players.
Add BT as a preferred source
Singapore
LIKE many other firms, Singapore Post saw its net profit drop sharply due to the Covid-19 pandemic, but group chief executive Paul Coutts sees some of the disruptions as temporary shifts, remaining sanguine about the postal service provider's future.
The mainboard-listed company posted a 47.7 per cent fall in full-year net profit to S$47.6 million for the fiscal year ended March, down from S$91.1 million the previous year.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
