Brief: Singapore Posts Qtrly Group Revenue Of S$455.4 Million

Singapore Post

08/02/2024 10:27

Feb 8 (Reuters) - Singapore Post Ltd  SPOS.SI :
    * QTRLY GROUP REVENUE S$455.4 MILLION VERSUS S$495.1 MILLION
    * QTRLY GROUP OPERATING PROFIT S$27.7 MILLION VERSUS S$33.9
MILLION
    * STRATEGIC REVIEW OF GROUP'S PORTFOLIO OF BUSINESSES IS IN
FINAL
STAGE OF COMPLETION
    * OUTLOOK OF FREIGHT FORWARDING INDUSTRY IS CHALLENGING,
WITH
ADDED UNCERTAINTY STEMMING FROM MIDDLE EAST DEVELOPMENTS
    * BUSINESS ENVIRONMENT FOR 2024 IS EXPECTED TO REMAIN
CHALLENGING
    * EXPECTS TO MAKE FORMAL ANNOUNCEMENT OF STRATEGIC REVIEW
OUTCOMES
BEFORE END OF FY

Source text for Eikon:  ID:nSN8djHXT 
Further company coverage:  SPOS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))