SingPost reported Friday its fiscal 2Q net profit rose 10.3% on-year to S$27.73M on improved performance from associates and JVs and a year-ago one-off loss.
SingPost said Wednesday it will introduce two new postal service categories — basic package and tracked package — to meet e-commerce shipment demand.
These are Singapore companies which may be in focus on Tuesday, 24 September 2019: Singapore Post, Soilbuild REIT and Aspial.
Singapore Post is unlikely to obtain material cash from the planned sale of assets by its U.S. e-commerce subsidiaries, S&P Global Ratings said Thursday.
Singapore Post said Thursday its troubled U.S. e-commerce businesses, Jagged Peak and TradeGlobal, filed for Chapter 11 bankruptcy.
Singapore Post reported Friday its fiscal 1Q net profit rose 37.2% on-year to S$25.68M on a year-ago fair value loss on warrants from an associated company.
SingPost reported Tuesday a fiscal 4Q net loss of S$75.11M, swinging from a year-ago profit of S$31.84 million on impairment charges on its U.S. businesses.
Singapore Post’s plan to divest its U.S. e-commerce subsidiaries TradeGlobal and Jagged Peak is “mildly credit positive,” S&P Global Ratings said Monday.
CGS-CIMB upgraded Singapore Post, or SingPost, to Add from Hold on the postal and logistics company’s plan to exit its U.S. e-commerce businesses.
These are Singapore companies which may be in focus on Thursday, 4 April 2019: Genting Singapore, SingPost, SATS and Pine Capital.
Singapore Post said on Wednesday that after a strategic review, it planned to sell its U.S. e-commerce businesses Jagged Peak and TradeGlobal.
These are Singapore companies which announced share buybacks on Tuesday, 19 March 2019: OCBC, SGX, SingPost and Jardine Strategic.