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SingPost to pay 9 cents in special dividend from proceeds of divestment in Australia

The Edge Singapore
The Edge Singapore  • 2 min read
SingPost to pay 9 cents in special dividend from proceeds of divestment in Australia
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SingPost plans to pay a special dividend of 9 cents, drawn from an exceptional net gain of $222.2 million that includes the recent divestment of its business in Australia but offset by an impairment of $79.6 million on another business Quantium Solutions.

Including an interim dividend of 0.34 cents already paid, SingPost shareholders are set to receive a total of 9.34 cents.

For the year ended March 31, SingPost reported earnings of $245.1 million, up 78.3% y-o-y.

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