- Q3 revenue growth from logistics, ecommerce-related businesses while mail revenue declined
- Operating costs including labour and related expenses continue on uptrend
- Strategic investments to drive transformation while enhancing efficiency and productivity
Singapore, 4 February 2015 – SingPost today announced its unaudited results for the third quarter and nine months ended 31 December 2014. Below are some highlights:
Revenue growth from logistics, ecommerce-related businesses
Group revenue grew 7.6% to S$239.6 million in the third quarter of FY2014/15, underpinned by contributions from logistics and ecommerce related activities, offsetting the decline in traditional mail revenue.
Mr Lim Ho Kee, Chairman of SingPost said: “SingPost embarked on its transformation journey in 2003 when the company IPO-ed. Concerted efforts went into strengthening the postal business even as the company set about to diversify its revenue streams and to go regional. While we have managed to grow non-mail revenue and achieved a more balanced revenue portfolio, it is critical that we continue with the transformation.”
Read more at singpost.com