Strong international mail growth drove postal revenue to a 9.3% increase to $149.8 million, even as domestic mail revenue decreased with more organisations moving to electronic statements.
SINGAPORE (Aug 4): Singapore Post (SingPost) posted 1Q earnings of $31 million, down 13.6% from $35.9 million a year ago on higher expenses and loss from associated companies and joint ventures.
Revenue for the quarter grew 6.2% to $354.1 million from $333.4 million a year ago due to higher contributions from the group’s postal and logistics segments.
