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SingPost's Q2 net profit up 5.5%

Singapore

SINGAPORE Post's (SingPost's) net profit for the second quarter rose 5.5 per cent to S$37.6 million, nudged upwards by its e-commerce-related businesses. Even so, the group, which is in the throes of an e-commerce logistics reinvention, saw underlying net profit flat at S$37.5 million - 0.8 per cent higher year on year after one-off costs such as restructuring expenses in the previous financial year were excluded.

Its revenue for the quarter ended Sept 30, 2014 rose 8.1 per cent to S$220.3...

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