Tag: Singapore Post

SingPost Group’s unaudited results for the first quarter ended 30 June 2007

Posted by | Jul 31, 2007 | |

Singapore Post has announced strong growth in profits and revenues for the first quarter ending 30 June 2007, following formal de-regulation of the state’s mail services.

The group posted 10 pct growth in revenue to SSD115.5 million (EUR 55.7 million), with mail revenues up 10.9 pct. Logistics revenue was up 3.8 pct to SSD16.1 million on increased Speedpost traffic and vPOST on-line shopping transactions.

In the quarter, SingPost achieved a 15.3 pct rise in operating profit to SSD45.5 million (EUR 21.9 million), with mail profit up 14.3 pct to SSD 37.2 million and logistics profit up by 7.6pct to SSD2.1 million.

The Group’s net profit increased 24 pct to SSD38.4 million, including a one-off gain on the sale of the US business by the Spring JV. The underlying net profit improved 14.9 pct to SSD34.9 million.

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Pitney Bowes hails Singapore Post for new meter discount on postage

Posted by | Jul 9, 2007 | |

Pitney Bowes Inc. is praising Singapore Post for the post’s recent implementation of a postage discount for mail that is processed using a postage meter. This move, effective July 1, makes Singapore Post one of a growing number of national posts around the world that are passing lower transaction costs on to customers who use meters.

In announcing its decision, Singapore Post joins Royal Mail (UK), La Poste (France), India Post, An Post (Ireland), Norway Post, Finland Post, Sweden Post and others in offering some form of discount or rebate on some or all segments of metered mail.

These posts have decided to offer discounts because postage meters help them avoid the equivalent of millions of dollars in costs required to design, print, distribute, sell and account for postage stamps. The discount offered to meter users provides an incentive for mailers to switch to the high-tech devices, because postage is usually one of the largest expenses a mailer faces. Switching more mail to postage meters helps mitigate higher postage costs.

Discounts of this kind stimulate efficiency and innovation in the sector, a key objective not just for mailers and posts but also for independent postal regulators around the world.

Pitney Bowes has argued for many years that posts in more nations should implement discounts of this type.

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World Mail Award winners celebrated

Posted by | May 24, 2007 | |

The 2007 World Mail Awards, presented on Monday night at a top London hotel, brought out the very best from postal services around the globe. More than 350 senior executives from the industry gathered to hear yachtsman, hero & adventurer, Pete Goss, present the coveted trophies for best practice and excellence.

This was the 8th year the Awards have been run by Triangle and they continue to grow in both prestige and breadth of coverage, with two new awards and four new sponsors for 2007. The distinguished panel of judges met only hours before the presentation to select the eventual winners of the awards from the 38 finalists.

The twelve winners competed against a broad geographical diversity of applicants and a wide variety of products and services submitted by operators and suppliers to the mail industry.

This year’s World Mail Award winners are as follows:

• Corporate Social Responsibility (sponsored by DHL Global Mail)
– Brazil Post for its Postal Bank project

• Customer Service (sponsored by Western Union)
– Canada Post Corporation for its Customer Value Management program

• e-Commerce (sponsored by Saudi Post)
– Deutsche Post AG for its ADDRESSDIALOG project

• Growth (sponsored by Q-Post)
– DHL Global Mail for its global letter-writing club LetterNet

• Industry Leadership (sponsored by Pitney Bowes)
– Jean-Paul Bailly, Chairman and CEO, La Poste

• Innovation (sponsored by Emirates Post)
– ampm for its delivery tracking solution eyeTrack

• People Management (sponsored by Australia Post)
– Masterlink Express for its ”Talents Maker” management academy training program

• Quality (sponsored by Magyar Posta)
– Singapore Post for SingPost Quality Excellence

• Retail Project (sponsored by Triangle)
– Aramex International for its SHOP&SHIP mailbox system

• Security (sponsored by Royal Mail)
– Royal Mail for its Mail Integrity Programme

• Technology (sponsored by Intermec)
– Denmark Post for its GIS route planning system

• Transformation (sponsored by IBM)
– Saudi Post for the creation of NAQEL

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SingPost Enters into Joint Venture for Print-on-Demand Business

Posted by | May 4, 2007 | |

Singapore Post Limited (SingPost) announced that its wholly-owned subsidiary, Singapore Post Enterprise Private Limited, has entered into a joint venture agreement with Global Print on Demand Network International Ltd (GPN International) and Oce Singapore Private Limited (Oce) to engage in the business of Print-on-Demand.

A joint venture company, GPN Asia Pte Ltd, will be incorporated in Singapore, which will print in Singapore and distribute to the region. SingPost will have 20% equity in the joint venture with an initial investment of €200,000 for the subscription of ordinary shares in the capital of GPN Asia Pte Ltd.

Oce and Euradius will hold 20% and 60% stake in GPN Asia Pte Ltd respectively, also through capital injection. GPN International, a subsidiary of the Dutch incorporated company, Euradius International B.V., is largely in the printing business, with specific expertise in the field of Print-on-Demand technology.

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