Singapore Post (SG:S08) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into SG:S08 stock, check out TipRanks’ Stock Analysis page.