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SingPost delivers net profit of S$7.2m for Q4; no need for capital calls

Better result after absence of one-off impairment charges of US subsidiaries

Tay Peck Gek

Published Fri, May 8, 2020 · 09:50 PM

Singapore

SINGAPORE Post has not been spared the onslaught of the novel coronavirus pandemic as its international post and parcel business was impacted in the fourth quarter.

Paul Coutts, SingPost's group chief executive, said in a statement on the mainboard-listed company's results: "Despite the strong demand for logistics and delivery services, SingPost will not be spared from the economic fallout if Covid-19 persists, so we are focused on ensuring our cost base remains sustainable."

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