SingPost mail business “under tremendous pressure”, but profits up 7%

Post & Parcel, 30 Oct 2012
SingPost has seen a 7% growth in its net profit in the second quarter of the year, after consolidating recent acquisition Novation Solutions – but the underlying business remains fairly flat.
Singapore’s Post released results for the first half of the 2012/13 fiscal year today, showing its revenues up 9.1% in the second quarter, to S$153.7m, and up 7.8% over the first half to S$305.3m. Full story