SingPost reports 39% drop in Q3 earnings

Group revenue inched down by 2 per cent to S$355.9 million for the quarter from S$363.4 million a year ago, largely due to an accelerated decline in domestic letter volumes, as well as weak performance in the freight forwarding business.

An interim dividend of 0.5 Singapore cent per ordinary share was declared for the quarter, the same as a year ago. It will be paid on Feb 28, after books closure on Feb 20.

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