SingPost Q1 profit up 15.8% at S$46.6m

Singapore

SINGAPORE Post posted a 15.8 per cent rise in net profit to S$46.6 million for the first quarter ended June 30, from S$40.2 million a year ago.

Revenue grew 20.7 per cent, from S$210.9 million to S$254.6 million boosted by continuing growth in eCommerce and logistics and the inclusion of new subsidiaries, said the national postal service provider.