Its property leasing revenue, meanwhile, was "stable". Occupancy and SingPost Centre, its key property asset, remained "healthy".
SingPost has reported an operating profit of $3.4 million for its 1QFY2026 ended June, down 60% y-o-y. Revenue in the same period was down 23.8% to $162.3 million, due to "significant" reduction in international deliveries, says the company in its business update.
Domestic delivery including mail and ecommerce related items were down 9.9% y-o-y to 85.5 million items; international delivery, suffered a bigger drop, down 59.3% to 1.12 million kg, due partly to competitive pressure.
