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SingPost's Q3 operating profit rises 46% to S$38m
Published Fri, Feb 25, 2022 · 09:50 PM
Singapore
SINGAPORE Post (SingPost) reported group operating profit of S$38 million for the third quarter ended Dec 31, 2021, up 46 per cent year on year from S$26 million. In a business update on Friday (Feb 25), the group said its strong performance for the quarter was driven by the year-end seasonal peak.
Revenue grew 24 per cent on year to S$437 million, driven mainly by Famous Holdings, e-commerce logistics growth and the consolidation of Freight Management Holdings (FMH) after it became a subsidiary on Nov 30, 2021.
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