SingPost’s Profit Turns Negative What's Your Bottom-Fishing Price?
@Tiger_SG:
$SingPost(S08.SI)$ released its earnings today, showing revenue declining for the second consecutive year and profit plunging 40.3% after excluding one-off gains. In 2H, net profit even turned negative, prompting another wave of investor sell-off. Earlier, SingPost had dismissed several top executives, with the stock plunging nearly 10% on the day — leading some to wonder if management was acknowledging deeper business issues.Financial HighlightsFull-year revenue: S$813.7 million, down 7.5% YoY (International segment revenue down 11.2%)FY24/25 net profit: S$245.1 million (includes one-off gain from sale of Australia business). Excluding exceptional gain: Net profit down 40.3% YoY to S$24.8 million2H net loss: S$0.5 million vs profit of S$28.1 mi