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SingPost slashes dividend as e-commerce unit keeps bleeding

It says dividends will now be paid out of underlying earnings

The group proposed an interim dividend per share of one Singapore cent for Q2 FY16/17, down from 1.5 cents previously.


POSTAL and e-commerce group Singapore Post has cut its interim dividend by a third in a bid to keep payouts sustainable, as postal margins slipped and its e-commerce segment continued to operate at a loss ahead of the peak year-end shopping season.

The group proposed an...

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