Edition:
United States

Singapore Post Ltd (SPOS.SI)

SPOS.SI on Stock Exchange of Singapore

1.30SGD
23 Oct 2017
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$0.01 (+0.77%)
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Latest Key Developments (Source: Significant Developments)

Singapore post says Sam Ang executive vice president decided to retire
Thursday, 24 Aug 2017 09:18am EDT 

Aug 24 (Reuters) - Singapore Post Ltd :Sam ang executive vice president decided to retire.Paul Coutts, group CEO,will be covering ANG's duties in addition to his own while company searches for a replacement.  Full Article

Singapore Post records 13.6% fall Q1 net profit attributable
Thursday, 3 Aug 2017 08:35pm EDT 

Aug 4 (Reuters) - Singapore Post Ltd :Q1 net profit attributable to equity holders decreased 13.6 per cent to S$31.0 million.Q1 revenue S$354.1 million versus S$333.4 mln‍​.For Q1 of FY 2017/18, board of directors has declared an interim dividend of 0.5 cent per ordinary share.  Full Article

Singapore Post says decline in domestic letter mail volumes expected to continue
Thursday, 3 Aug 2017 08:06pm EDT 

Aug 4 (Reuters) - Singapore Post Ltd :Decline in domestic letter mail volumes expected to continue.Impact of changes in international terminal dues system is being assessed."It will take time for logistics segment to grow its profit contribution while it executes on its plans".In ecommerce segment, TradeGlobal is not expected to be profitable for financial year ending 31 March 2018.In ecommerce segment, TradeGlobal faces operational and structural challenges.Capital expenditure for FY2017/18 is expected to be lower than FY2016/17.Free cash flow is expected to improve in FY2017/18.  Full Article

Singapore Post updates on review of acquisition of Tradeglobal
Monday, 17 Jul 2017 10:59am EDT 

July 17 (Reuters) - Singapore Post Limited :Wongpartnership reviewed relevant documents including internal Singpost documents pertaining to tradeglobal acquisition.Update on review of acquisition of Tradeglobal Holdings, Inc ."As at date of this announcement, review is at an advanced stage of completion".Wongpartnership has issued a summary report setting out its observations concerning processes in acquisition of Tradeglobal.Board accepts recommendations of Wongpartnership set out in summary report.  Full Article

Singapore Post says qtrly net loss was S$65.246 million
Friday, 12 May 2017 08:00am EDT 

May 12 (Reuters) - Singapore Post Ltd ::Qtrly net loss S$65.246 million versus profit S$105.4 million.Q4 revenue S$324 million versus S$317.6 million.Final dividend of 0.5 cent per share proposed.Total impairment for FY16/17 is $208.6 million.Instead of a projected profit of $9.4 million for fy16/17, Tradeglobal incurred a significant loss of $25.8 million.Capital expenditure for fy2017/18 is expected to be lower than fy2016/17, as majority of development projects had been completed.With lower capital expenditure, free cash flow is expected to improve in fy2017/18.  Full Article

Singapore Post Limited reprimands Singapore Post Limited for its breaches of listing rule
Thursday, 4 May 2017 05:08am EDT 

May 4 (Reuters) - Singapore Post Limited :Reprimands Singapore Post Limited for its breaches of listing rule.Reprimands Singapore Post as singpost failed to accurately disclose its then director's interest in fsm acquisition announcement.  Full Article

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

SingPost shares down 6 pct as it reviews acquisition of TradeGlobal

SINGAPORE, May 15 Shares in Singapore Post fell as much as 6 percent on Monday to their lowest in more than a year after the firm said it was conducting an in-depth review of an acquisition of a U.S. e-commerce firm for which it took a massive impairment charge.