Episode Details

Singapore Post Limited announced a substantial net profit for the full year, significantly boosted by an exceptional gain from the divestment of its Australia business. However, excluding this gain, underlying net profit experienced a notable decrease, culminating in an underlying net loss in the second half. A special dividend is being proposed, funded by the sale proceeds, as the company navigates challenging conditions in the global logistics sector.

• A major transaction had a significant positive impact on the reported results
• The underlying performance of the core business faced challenges, particularly during the latter part of the year
• Shareholders are expected to receive a special payout, and the Group is reviewing its future strategy