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.
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
UOB found ‘grossly negligent’ over Stamford Land rights issue advice, to pay S$1.9 million
MAS allocates S$1.45 billion to five asset managers in third EQDP batch: Chee Hong Tat
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
NoMad Singapore marks brand’s arrival in Asia
