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SingPost Q1 profit falls 40.4% on exceptional S$6m loss, higher tax

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Published Fri, Aug 3, 2018 · 09:50 PM

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Singapore Post

Singapore

SINGAPORE Post's (SingPost) first-quarter net profit fell 40.4 per cent to S$18.7 million, dragged down by an exceptional S$6 million loss and higher tax.

The dent in earnings was mainly due to exceptional fair value losses from warrants in an associated firm, which reflected changes in the market value of the financial instrument, SingPost said.

SingPost

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