Reward 500 Tiger-coinsSeveral major companies are reporting earnings this week — which SG company are you keeping an eye on?
$SingPost(S08.SI)$ reported a net profit of $18.4 million, but underlying net profit, excluding exceptional gains, fell 78% year-on-year, from $25.2 million to $5.5 million. Total revenue declined 27.4% to $188.4 million, mainly due to a slump in cross-border e-commerce volumes and the impact of discontinued operations.
The company’s logistics and letters division saw revenue drop 33.1% to $153.4 million, with an operating loss of $4.4 million (compared to a $13.7 million profit in 1H 2024/2025).
The property division remained a bright spot, with revenue rising 3.3% to $40.6 million and net profit slightly down 3.3% to $23.9 million, supported by 99.2% occupancy at SingPost Centre.
CEO Mark Chong emphasized that business streamlining and operational improvements helped offset the broader weakness in global logistics and e-commerce. The company is also conducting a strategic review, including the potential divestment of SingPost Centre.
$Singtel(Z74.SI)$ shares rose 2.16% on guidance lift.
The telecommunications giant raised its FY2026 operating companies (Opco) EBIT guidance from “high single digits” at the start of the year to a range of high single digits to low double digits.
The upgrade reflects a strong first-half performance, with Opco EBIT growing 14% in constant currency, driven by Australian telco Optus, technology services provider NCS, data centre operator Nxera, and Singtel’s local operations in Singapore.
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SG earnings season is ongoing! Welcome to comment and share your insight about sg companies!
Golden Agri-Res (E5H) saw higher net profit and EBITDA, driven by sales growth and a forex gain
KSH (ER0) returned to profit, boosted by strong construction demand and project sales
Sasseur Reit (CRPU) saw rental income growth from higher mall sales, though currency fluctuations softened the increase
SATS (S58) posted a profit rise as clients front-loaded orders ahead of US tariffs
Seatrium Ltd (5E2) secured strong orders and is on track to meet 2028 targets
SIA (C6L) hit record sales, but profits slumped due to Air India losses and rising interest expenses
SingPost (S08) reported a profit drop, mainly from the absence of gains from its Australian business sale
Singtel (Z74) posted strong profit growth from the Bharti Airtel sale, though revenue slipped from a stronger SGD
StarHub (CC3) saw a profit drop from weak demand and a one-off spectrum penalty