Singapore Post Reports Higher Fiscal H1 Attributable Profit; Revenue Down; Shares Up 7%

MT Newswires11-06

Singapore Post (SGX:S08) logged SG$55.9 million in profit attributable to owners in the fiscal first half, compared with SG$19.7 million a year earlier, according to a Friday filing with the Singapore Exchange.

Earnings per share from continuing and discontinued operations, including distribution to perpetual securities holders, moved to SG$0.0248 from SG$0.0088 year over year.

For the fiscal first half ended Sept. 30, revenue was SG$185.9 million versus SG$188.4 million in the year-ago period.

The board recommended an interim dividend of SG$0.0015 per share for the fiscal half ended Sept. 30, payable on Dec. 4.

Singapore Post shares were up nearly 7% in late-morning trade Friday.

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