Singapore Post reports fiscal 2Q net profit rose 10 percent
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 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.
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These are Singapore companies which announced share buybacks on Friday, 8 February 2019: Singapore Post.
These are Singapore stocks which may be in focus on Friday, 8 February 2019: Keppel Corp., Singapore Post, Global Palm, Cromwell European REIT and CRCT.
Singapore Post said Thursday it accepted IMDA’s penalty for missing quality of service standards in 2017 and it would immediately take measures to improve.
These are Singapore stocks which may in focus on Friday, 1 February 2019: CRCT, ThaiBev, Cromwell European REIT, GuocoLand, Starhill Global REIT and Genting Singapore.
Singapore Post reported on Friday that its fiscal third quarter net profit increased 15.6 percent on-year to S$50.20 million on the exceptional dilution gain of S$28.2 million from 4PX.
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