SingPost H1 profit rises 13.3% to S$35m on growth in domestic businesses

SINGAPORE Post's (SingPost) net profit for the first half of the fiscal year ended September 2021 was up 13.3 per cent to S$35 million from S$30.9 million in the corresponding year-ago period.

Earnings per share rose to 1.23 Singapore cents from 1.04 cents a year ago.

In a bourse filing on Wednesday (Nov 3), the group attributed the rise to growth in the domestic post and parcel, logistics and property segments. The overall growth happened despite an offset by a reduction in the international post and parcel segment due to Covid-19-related disruptions, the group added.

The rise in net profit is in line with the growth of revenue…

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