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.