Singapore Post Limited
For more than 160 years, Singapore Post (SingPost), as the country's postal service provider, has been delivering trusted and reliable services to homes and businesses in Singapore. Today, SingPost is pioneering and leading in eCommerce logistics as well as providing innovative mail and logistics solutions in Singapore and around the world, with operations in 15 markets.
See below for the Latest Singapore Post Limited News, Analysis, Profit Results, Share Price Information, and Commentary.
FedEx, SingPost expand parcel drop-off service points at post offices
Acceptance points increased from six to 43.
SingPost completes sale of Freight Management Holdings for $867m
Special dividend to be disclosed “in due course.”
SingPost injects $30m to expand e-commerce logistics hub capacity
This will enable the facility to handle 400,000 parcels per day.
SingPost appoints former Singapore CEO Neo Su Yin as group COO
Her appointment came after the sacking of three top executives.
SingPost clarifies potential sale of Australian business
This was amidst recent reports in the Australian press.
SingPost uses technology in shift to logistics
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
SingPost’s Australia review could lead to M&A or future IPO
A partial stake sale may also be in the works, according to UOB Kay Hian.
SingPost transition lifts FY23/24 net profit to $81.5m
NPI rose 110.2% YoY.
SingPost unveils 5-pronged strategy for growth
The company plans to execute the initiatives in the next three years.
SingPost to impose higher postage rates in October
The rate for standard regular mail will increase by 20 cents to 51 cents.
SingPost profit up 11.8% to $11.9m
The group is seeking to raise its postage rates to better cover cost of operations.
SingPost bags eCommerce award for its POPDrop kiosk
The Smart Posting Box is a future-ready way of sending eCommerce tracked packages, powered by Radio Frequency Identification (RFID) technology.
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Commentary
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