SingPost's Q3 net profit up, driven by broad growth, changes in US tax rates

Singapore

SINGAPORE Post's third-quarter net profit rose 37.2 per cent to S$43 million on better performance in its postal, eCommerce and property segments, and from a one-off S$6.9 million adjustment from changes in the US corporate tax rate.

Excluding exceptional items, underlying net profit rose 11.9 per cent to S$35.2 million for the three months ended December 2017. Earnings per share for the quarter stood at 1.73 cents, up from 1.28 cents previously.