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SingPost registers S$25.7m net profit in Q1, reversing previous quarter’s loss

SingPost registers S$25.7m net profit in Q1, reversing previous quarter’s loss

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Singapore Post (SingPost) announced a first quarter net profit of S$25.7m, after posting a net loss in the previous quarter.

For the quarter ending 30 Jun, net profit attributable to equity holders jumped 37.2 per cent to S$25.7m from the previous year.

Revenue rose one per cent to S$376.4m on the back of higher international post and parcel revenue arising from cross-border e-commerce deliveries.