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SingPost's first-half profit dropped 12.8% to S$19.7M due to divestments and falling e-commerce volumes, with shares falling to S$0.405 on Nov. 10.
SingPost reported a 12.8% drop in first-half net profit to S$19.7 million for the period ending September 30, 2025, due to the absence of gains from divested businesses, particularly in Australia, and declining e-commerce volumes.
Revenue from continuing operations fell 27.4% to S$188.4 million, driven by lower cross-border delivery activity and a structural decline in letter mail.
The core logistics and letters segment posted an operating loss of S$4.4 million, compared to a prior-year profit.
The company appointed Mark Chong as CEO, launched a new U.S. parcel service, and completed divestments that generated S$177.9 million in cash.
An interim dividend of S$0.0008 per share was declared, down from S$0.0034.
Shares fell to S$0.405 on November 10 amid investor concerns.
Las ganancias del primer semestre de SingPost cayeron un 12,8% a S $ 19,7 millones debido a las desinversiones y la caída de los volúmenes de comercio electrónico, y las acciones cayeron a S $ 0,405 el 10 de noviembre.