SingPost Q1 earnings jump 37.2% on absence of fair value losses
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Singapore
MAINBOARD-LISTED mail and logistics company SingPost posted first quarter net profit of S$25.7 million, 37.2 per cent higher than the S$18.7 million it earned for the year-ago period.
SingPost said it had reported exceptional fair value loss on warrants from an associated company for the first quarter in 2018, which was then swapped for a direct shareholding, accounting for the absence of the fair value loss this year.
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