ADA to deepen its strategic partnership with SingPost Group
ADA, APAC's integrated end-to-end e-commerce practice has acquired SingPost’s e-commerce arm.
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ADA, APAC's integrated end-to-end e-commerce practice has acquired SingPost’s e-commerce arm.
What’s next for Singapore Post shares?
Singapore Post Limited (SingPost) has announced Ms Neo Su Yin has been promoted to CEO of Singapore Domestic and Mr Ryan Tang has been promoted to CEO of International businesses. Mr Vincent Phang remains Group CEO.
Mr Vincent Phang Heng Wee will be appointed as Group Chief Executive Officer (Group CEO) and as Executive, Non-Independent Director of the SingPost Board, with effect from 1 September 2021.
Singapore Post Limited has announced its results for the full year ended 31 March 2021. Group revenue for the financial year rose by 6.9% to S$1.4 billion, largely led by strong eCommerce volume growth in both the Logistics as well as Domestic Post and Parcel segments. For the full year, eCommerce revenue represented 34% of total Domestic Post and Parcel revenue, up from 21% the year before. Net profit attributable to equity holders however, declined to S$47.6 million, mainly due to COVID-19 related disruptions. This was partly offset by higher earnings contribution from the Logistics segment...