FY2024 group revenue fell by 9.9% y-o-y to $1.69 billion mainly due to the lower sea freight revenues. In its release, the group says the operating fundamentals of its core businesses have improved but was offset by the lower operating profit from Famous Holdings.
Singapore Post (SingPost) has reported earnings of $78.3 million for the FY2024 ended March 31, 217.4% higher y-o-y. The earnings surge is mainly due to an exceptional gain of $36.8 million on property revaluation.
The group’s earnings for the 2HFY2024 stood at $66.9 million, 93.4% higher y-o-y, as exceptional items surged by 138.7% y-o-y to $38.8 million during the six-month period.
