SingPost
SingPost unveils S$30 million sortation machines that will boost its parcels processing capacity
New systems will increase capacity to process small and medium-sized parcels from 100,000 to 300,000 per day
SingPost H2 net profit falls 81.5% to S$41.2 million as traditional business worsens
This comes as operating environment for the logistics and letters business remains challenging
SingPost to keep, enhance SingPost Centre in U-turn from plan to sell it
The cash cow is now part of 3 new priorities aimed at sustainable growth
SingPost ends 5.3% down after H2 earnings dive
Counter finishes at S$0.355 as more than 26.1 million shares change hands
SingPost, Fullerton Health to collaborate on healthcare logistics, last-mile medical delivery
This marks a step towards diversification into healthcare as a focus sector
SingPost partners Europe’s Asendia to enhance cross-border e-commerce delivery
Local customers will be able to sell and scale their online retail business in new markets with this tie-up
SingPost Q3 operating profit falls 38.3% to S$3.8m on structural headwinds
Drop comes amid continued declines in letter mail and cross-border volumes
SingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
Fraudulent practice could have begun some time in 2023 and affected hundreds of parcels
SingPost ends flat after 3.6% intraday fall amid H1 profit drop
The counter is back at S$0.42 after about 18.9 million shares change hands
SingPost raises standard domestic mail rates by S$0.10
The new prices are S$0.62 for standard regular mail and S$0.90 for standard large mail
