Singapore Post (SG:S08) has released an update.
Singapore Post has reported a robust 22.4% year-over-year growth in group revenue, reaching S$494.8 million in Q1 FY24/25, primarily driven by its Australian and Singapore businesses. Despite challenging conditions in international and freight forwarding sectors, the company successfully increased its operating profit by 105.2% to S$24.4 million, thanks to the recent acquisition of Border Express and sustained cost management efforts.
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