$SingPost (S08.SG)$ Singapore Post Limited (SingPost) today ...
Singapore Post Limited (SingPost) today announced its results for the first half ended 30 September 2024. Group revenue rose by 20.0% YoY to S$992.4 million from S$827.3 million, and net profit increased by 65.5% YoY to S$22.2 million. SingPost’s first half underlying net profit was S$25.2 million, compared to S$13.4 million in 1H FY2023/24, boosted by the higher revenues.
Vincent Phang, Group CEO, SingPost, said, “Our first-half results demonstrate the resilience across our businesses, despite the challenging market conditions. We are focused on executing our strategic initiatives to maximise shareholder value.”
The Group’s operating profit increased by 62.9% YoY to S$51.2 million from S$31.4 million previously.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
ask9437 : Good results why price still drops?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102884128 : below estimate
_MK_Watcher_ : At this moment, looks like 51 is the immediate support, while 52 could be a good starting point for progressive accumulation, for long-term benefit.
_MK_Watcher_ ask9437 : Maybe it is the 'deviation and gap' between the expected and actual that causes the price (over)reacted emotionally than fundamentally.
Deep Sea OP ask9437 : Below my expected net profit of 32 million SGD.