SingPost's investments in logistics and e-commerce bearing fruit

Singapore

SINGAPORE Post's aggressive push into the logistics and e-commerce space appears to be paying off as the group registered increased earnings despite weakening contributions from its traditional mailing business.

In Q3 FY15, for the three months ended Dec 31, 2014, the courier service provider registered a net profit of S$42.23 million, 7.3 per cent higher than the corresponding period in the previous year.