377 views

SingPost Group's full-year net profit soars 74.5% to $83.1m 

A final dividend of $0.013 per ordinary share was proposed following the increase.

SingPost Group's net profit soared by 74.5% to $83.1 million for the full year ended on 31 March 2022.

Given the income increase, the Board of Directors has proposed a final dividend of $0.013 per ordinary share. This would bring the annual dividend for the financial year to $0.018 per share.

The company said the net profit growth was buoyed by the higher full-year group revenue of $1.67b, which translates to an 18.6% increase from last year.

Contributing to the higher group revenue was the Logistics segment whcih saw a 61.6%  jump in its full-year revenue.

The Post and Parcel segment, on the other hand, saw its full-year revenue decline by 16.3% due to the continued impact of COVID-19 on air freight capacity.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!