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.
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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.
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