Tag: Singapore Post

Singapore Post posts 5% gain in Q1 profit

Posted by | Jul 24, 2006 | |

Singapore Post has reported a 5% gain in first quarter profit to S$31 million (€15.5 million) compared to a year ago, mainly due to higher sales at its core businesses. Revenue rose 8.5% to S$105 million (€52.5 million).

Going forward, SingPost says it is well positioned to handle the loss of its monopoly of basic mail services by 2007. SingPost’s exclusive licence for basic mail services expires at the end of March next year. The mail services provider says it will continue to drive growth in its core businesses. Various strategies for growth have been identified.

SingPost says it will focus on rolling out higher value products and services to its customers. At the same time, it will extend its regional reach by tying up with key partners in the region for online shopping, through its internet portal.

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Pos Malaysia, SingPost launch promotion to enhance express delivery service

Posted by | Jun 6, 2006 | |

Pos Malaysia Berhad and Singapore Post (SingPost) today launched a promotion drive to enhance their cross-broder express mail delivery service. Under the promotion, which will last a year, Malaysians and Singaporeans will enjoy special rates for certain classes of mail. SingPost group chief executive Lau Boon Tuan said this initiative was taken to further strengthen the existing close ties between the two parties for mutual benefit and also customers on both sides. “SingPost hopes this close cooperation will result in more value added services at attractive rates for our customers,” he said in a joint press release with Pos Malaysia chief executive officer Datuk Ikmal Hijaz Hashim when the latter visited SingPost’s Malaysian heaquarters here today.

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Development of competition in the European postal sector

Posted by | Mar 6, 2006 | |

Postal sector regulation and postal sector policy

Forces governing competition (Porter analysis, contestability of markets)

The universal postal operator: facts, figures, strategy

Competitor postal operators and effect of competition on market structure and
market performance

Regulatory framework, liberalisation and access regulation

Market size of the postal sector and country information

Facts and figures for the national postal operator (US provider)

Competitor postal operators and market structure of the postal sector

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SingPost's third-quarter profit jumps 17% to 33m dollars

Posted by | Jan 28, 2006 | |

Singapore Post (SingPost) achieved a 17 per cent jump in third-quarter net profit to 32.8 million dollars, thanks to a better performance in its mail, logistics and retail businesses. Operating revenue was up 7 per cent to 108 million dollars for the quarter ended Dec 31. In its core mail business, international and hybrid mail did well. The logistics business was strong with more demand for its Speedpost express delivery services. The retail division was also strong with growth in financial services and vPost mail-order transactions. Operating profit at its mail business rose 12 per cent in the quarter from the previous year to 33 million dollars. Logistics posted a 50 per cent jump in profits to 3 million dollars, while the retail business saw a 27 per cent profit rise to 2.7 million dollars. Revenue for the nine months was up 9.4 per cent to 307.8 million dollars, while the bottom line rose 10.8 per cent to 92.4 million dollars.

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New SingPost express courier service shortens delivery time

Posted by | Jan 24, 2006 | |

Delivery time for overseas packages is now shorter and less of a hassle, thanks to a new express courier service by SingPost. Speedpost Express, which taps the delivery network of DHL Express, allows for shorter delivery time and pre-Customs clearance. Under the new service, the delivery times for popular destinations such as Malaysia, Hong Kong and China are on average one to two days faster than other courier services currently provided by SingPost.

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