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SingPost's Q2 profit falls 12.9%, weighed down by one-off item

The post and parcel segment saw higher international mail revenue from cross-border eCommerce deliveries. This offset the impact of lower domestic letter mail volumes.


SINGAPORE Post (SingPost) said its second quarter net profit shrank 12.9 per cent to S$25.1 million, hit by a fair value loss.

The group recorded an exceptional fair value loss on warrants from an associate company of S$2.9 million compared to an exceptional gain of S$0.9...

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