Singapore Post in 2012 second quarter revenue growth of 9.1%

The latest data show that, due to business growth, the second quarter of 2012 ( as of September 30th ) 9.1% growth in Singapore Post Group revenue, to $153700000 (97000000 euros ), the company says its new business has begun to produce benefits.
Although Singapore Post domestic mail volume fell 3.1%, but the mail income has increased by 12.5%, up to $105500000. Profit driving factors mainly include: the new subsidiary Novation Solutions all season integrated mail processing center management; strengthening; international e-commerce package business growth. If no new subsidiary income, group mail income grows 5.7%, reach 99200000 dollar.
Regional growth thanks to the domestic electronic shoe business, Quantium Solutions and Speedpost business, 4.2% growth in Singapore postal logistics business income, S $55300000. The company said, the next step will be to increase investment, will Quantium Solutions into regional electronic shoe business.
Driven by financial and shop of business growth, the company 5% growth of the retail business income, to $17900000. The related revenue lease and assets fell 7%, to $10300000.
Singapore Post expenditure growth of 13.6%, up to $127000000. Factors leading to rising costs include: operating cost pressures, inflation, in order to push for continuous diversification of investment group, regional and increase the production capacity of the.
Group net profit year-on-year growth of 7.3%, reached $32900000; such as excluding one-time items, the basic net profit of $32700000.
International business e-commerce volume growth and the newly acquired subsidiary income to offset the decline in mail volume of business, the company transition to new business of regional logistics and financial services and other fields have achieved initial results.
Due to inflation and other operating cost pressures, cost growth has exceeded income growth rate. The group has taken a number of initiatives to alleviate the cost pressure, growth, and the infrastructure and the transformation process of sustained investment to improve production efficiency, growth in business investment will continue to increase.
MYEX min Asia International Express
2013-01-29