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SingPost Q1 profit up 5% at S$39.2m

Anita Gabriel
Published Tue, Aug 5, 2014 · 10:00 PM
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EVEN as Singapore Post's sunny e-story is still a work in progress - details of its tie-up with Chinese e-commerce giant Alibaba have yet to be known - it unveiled a first-quarter scorecard that strengthens its case for diversification.

Net profit for the first quarter ended June rose 5.1 per cent to S$39.24 million from a year ago, but if a one-off gain on disposal of property is stripped out, its underlying net profit was marginally down 0.2 per cent at S$36.2 million. This un…

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