SingPost to pay special dividend of 9 cents from Aussie divestment, sees underlying second-half loss

Quick Summary:

Including one-off gains, net profit for the full year stood at $245.1 million.

Efforts are also under way to strengthen the Singapore postal and logistics operations for greater efficiency, with a $30 million investment in a new automation system to expand processing capacity for small parcels at the regional e-commerce logistics hub facility.

SingPost said at the end of 2024 that it had received whistleblowing reports that revealed cases of data falsification at the company’s international business unit.

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Article Details

Author / Journalist: Sue-Ann Tan

Category: EconomyBusiness

Markets: SingaporeAustraliaIsrael

Topics: Business Chief Singapore Year Singpost Gain Officer Cents Logistics Million Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 09:22:22 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 785 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28722239

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