SingPost: pressing on with long term strategy “to remain relevant”
Singapore Post has announced its results for the full year ended 31 March 2020 which shows revenue declined 0.7% to S$1.31 billion.
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“bpost Group is not immune to the current global crisis”
Announcing its first quarter 2020 results, bpost says it is not in a position “to accurately and reliably estimate the full quantitative impact on full year 2020 results” as a result of the pandemic, and that the Board will propose to the ordinary General Meeting of Shareholders to limit the dividend on 2019 results to the interim amount paid in December last year.
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XPO on COVID-19: We acted quickly to protect our employees on the front line
XPO Logistics, Inc. has announced financial results for the first quarter 2020. Revenue was $3.86 billion for the quarter, compared with $4.12 billion for the same period in 2019.
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Amazon to spend $4 billion on COVID-related expenses in Q2
Amazon has announced its Q1 results – its net sales increased 26% to $75.5 billion in the first quarter, however COVID-19 measures “to get goods to customers and keep employees safe” will cost more than $4 billion in the next quarter.
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An Post: COVID-19 to have material adverse impact on mail volumes
An Post 2019 results show 3rd year of profit and revenue growth as business transformation delivered but the company expects a material decline in revenues during 2020 because of the impact of COVID-19.
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