For the FY2024/2025 ended March 31, SingPost reported a net profit of $245.1 million, 200.8% higher y-o-y, thanks to an exceptional gain from the divestment of its Australian business.
The nationalisation of Singapore Post (SGX:S08
) (SingPost) is “not on the cards”, confirmed group CFO Isaac Mah at the group’s full-year results briefing on May 15. Mah was previously CFO of Freight Management Holdings before he was appointed to the role of group CFO in January this year. This was Mah's first briefing as group CFO.
Mah’s remarks came nearly three months after SingPost’s chairman, Simon Israel, told the media to “ask the government” when asked about the possibility of nationalisation at a Feb 26 briefing.
