Singapore Post's Attributable Profit Declines 82% in Fiscal H2; Shares Down 5%

MT Newswires05-14

Singapore Post's (SGX:S08) attributable profit to equity holders fell 82% in fiscal second half ended March 31 to SG$41.2 million from SG$222.5 million a year earlier, according to a Thursday filing with the Singapore Exchange.

Earnings per share from continuing and discontinued operations, including distribution to perpetual securities holders, dropped to SG$0.0183 compared with SG$0.0989 in the year-ago period.

Revenue was down 18% year over year to SG$187.6 million from SG$229.5 million, mainly due to lower revenue from the logistics and letters division.

The board recommended a final dividend of SG$0.0006per share for the period, taking the total dividend for fiscal 2026 to SG$0.0014 per share. The board also recommended a supplemental dividend of SG$0.0041 per share.

Shares of the city-state's postal services provider were down over 5% in Thursday trading.

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