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Singapore Post ( (SG:S08) ) has issued an announcement.
Singapore Post reported a 12.1% year-over-year increase in revenue for the third quarter of FY24/25, reaching S$510.6 million, primarily driven by strong performances in its Australia business and property leasing, despite softer outcomes in Singapore and international markets. However, the company faced a 23.8% decline in operating profit due to rising operating expenses amid macro-economic challenges such as inflation and supply chain disruptions, with expectations of continued pressure on core operations.
More about Singapore Post
Singapore Post (SingPost) operates in the postal service and logistics industry, providing mail, parcel delivery, and logistics solutions. The company has a significant market presence in Singapore and extends its operations internationally, focusing on enhancing digital capabilities and exploring new business opportunities.
YTD Price Performance: -5.13%
Average Trading Volume: 20,516
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $946.5M
For an in-depth examination of S08 stock, go to TipRanks’ Stock Analysis page.
