SingPost’s full-year net profit jumps 74.5% to $83.1m, boosted by logistics segment

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On May 13, SingPost shares closed slightly up at 70 cents, after its second half results showed net profit nearly tripling on-year to S$48.1 million. Earnings per share rose to 1.86 cents, compared to 0.41 cents in 2021. For the full year ending March 31, net profit for SingPost rose by 74.5% on-year to S$83.1 million. Revenue was up by 18.6% on-year to S$1.67 billion. The increase was led by its e-commerce logistics segment, which reflected contributions from its new subsidiary in Australia, Freight Management Holdings.

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