Edition:
United States

Singapore Post Ltd (SPOS.SI)

SPOS.SI on Stock Exchange of Singapore

1.34SGD
30 Mar 2017
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$-0.01 (-0.74%)
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Latest Key Developments (Source: Significant Developments)

Singapore Post signs agreement with Capitaland Mall Asia
Monday, 27 Mar 2017 08:22pm EDT 

Singapore Post Ltd : Signed a property management agreement with Capitaland Mall Asia .Agreement to manage retail mall at New Singpost Centre.  Full Article

Singapore Post says Paul Demirdjian has been as appointed interim CEO, US businesses
Monday, 6 Mar 2017 04:52am EST 

Singapore Post Ltd - : Marcelo Wesseler has resigned as chief executive officer (sp commerce) .Paul Demirdjian has been appointed interim chief executive officer, US businesses.  Full Article

Singapore Post Limited announces appointment of Paul William Coutts as group CEO
Thursday, 29 Dec 2016 04:51am EST 

Singapore Post Limited :Appointment of Paul William Coutts as group chief executive officer and director.  Full Article

Singapore Post updates on outlook
Friday, 4 Nov 2016 06:27am EDT 

Singapore Post Ltd : board expects to make an appointment by end of this calendar year on ceo .capital expenditure is expected to remain high in fy2016/17 from committed capital expenditure for ongoing redevelopment of spc retail mall.  Full Article

Singapore Post Qtrly net profit S$31.4 mln
Friday, 4 Nov 2016 06:27am EDT 

Singapore Post Ltd : Qtrly revenue s$321.733 million versus s$263.2 million . Qtrly net profit s$31.443 million versus s$53.4 million a year ago . Board of directors has declared an interim dividend of 1.00 cent per ordinary share (tax exempt one-tier) . "Logistics segment is expected to continue to benefit from growing ecommerce trends" . "Postal segment, domestic mail remains under pressure with declining volumes" . Under ecommerce, tight competition for seasonal fulfilment labour is expected to drive up costs significantly . Redevelopment of Singapore Post Centre retail mall is expected to be completed around mid-2017 . Share of profit of associated companies and joint ventures will be impacted by a decline in share of profits from GD express . Alibaba's further investment of s$187.1 million into Singpost is targeted to be completed by 28 february 2017 . "Board's objective is to grow underlying earnings and dividends over time" . Board has completed a review of dividend policy and has revised policy . Shift in revenue mix towards international mail will lead to a decline in margins on a blended basis .Dividend policy changed from absolute amount to one based on payout ratio ranging from 60% to 80% of underlying net profit.  Full Article

Singapore Post updates on launch of its regional ecommerce logistics hub
Monday, 31 Oct 2016 08:22pm EDT 

Singapore Post Ltd : Announced launch of its regional ecommerce logistics hub .S$182 million facility is singpost's largest ecommerce logistics investment in singapore to date.  Full Article

Singapore Post says General Storage enters agreement with Keiyo to terminate JV
Wednesday, 31 Aug 2016 05:55am EDT 

Singapore Post Ltd : Sale of shares in an indirect subsidiary - Japan self storage company limited) . Deal for cash consideration of JPY180 million . Says GSC has on 31 August 2016 entered into an agreement with Keiyo to terminate the joint venture. . Sale is not expected to have any material impact on EPS of the company for the financial year ending 31 March 2017 . Gsc will sell its entire shareholding in jsscl, which comprises 36,000 ordinary shares representing 60% of the total issued shares .  Full Article

Singapore Post says signed collaboration agreement with Post Luxembourg
Wednesday, 31 Aug 2016 05:55am EDT 

Singapore Post Ltd : Post Luxembourg and Singapore Post Ink Ecommerce Logistics collaboration) . Post Luxembourg and Singapore Post Limited singpost) signed a strategic collaboration agreement . Customers of Post Luxembourg and Singpost can expect better and faster delivery of ecommerce shipments between the two continents . Agreement to provide comprehensive end-to-end ecommerce logistics solutions between Asia and Europe . Collaboration will enhance growth and optimisation of Singpost's ecommerce logistics capabilities in Europe" .  Full Article

Singapore Post says Q1 net profit s$35.9 million versus s$46.6 million a year ago
Thursday, 4 Aug 2016 06:19am EDT 

Singapore Post Ltd : Says qtrly revenue rose 30.9 per cent to s$333.4 million . Says Q1 FY 2016/2017 dividend of 1.5 cents per share declared . Says Q1 net profit s$35.9 million versus s$46.6 million . Says capital expenditure is expected to remain high in fy2016/17 from committed capital expenditures .  Full Article

Singapore Post appoints Sam Ang as CEO of Quantium Solutions
Sunday, 17 Jul 2016 08:22pm EDT 

Singapore Post Ltd : Singpost appoints sam ang as CEO of quantium solutions) Full Article

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