You are here

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

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes