Tag: SingPost

SingPost's net profit jumps almost 10%, revenue up 9

Posted by | Oct 30, 2007 | |

Singapore Post has booked an almost 10 per cent climb in earnings for its fiscal second quarter, thanks to higher postal revenue as well as gains by its logistics and retail businesses.

Net profit for the three months ended in September amounted to SUSD 39.66 million.

SingPost’s new CEO Wilson Tan said at a news briefing Tuesday that he looks forward to pushing new plans of expansion into 2008.

SingPost has turned in earnings numbers that were slightly better than market forecasts.

Net profit jumped almost ten per cent from the same period a year ago while revenues climbed nine per cent. This takes its net profit at half-time to SUSD 78 million.

“We have been able to see good organic growth and that is something that we are very pleased with. Certainly there were some price adjustments that we’ve been doing, and finally (on) the productivity side of things, we have been able to be a little bit more effective and efficient in our operations.”

While the earnings were better than market forecasts, SingPost also saw a 9 per cent increase in operating expenses mainly caused by rising labour costs, which rose by 7.9 per cent to SUSD 30.8 million.

The postal operator, however, is positive in its outlook, saying it is well-positioned to address challenges arising from the liberalisation of basic mail services market.

It also plans to grow its hybrid mail and online shopping service vPost businesses in the region.

SingPost has declared a dividend of 1.25 Singapore cents per share for the second quarter

Read More

DataPost Signs Joint Venture Agreement with Thai British Security Printing PublicCompany Limited

Posted by | Jul 2, 2007 | |

Singapore Post Limited (SingPost) announced that its subsidiary, DataPost Pte Ltd (DataPost) has signed a joint venture agreement with Thai British Security Printing Public Company Limited (“TBSP”), a subsidiary of SCG PAPER PLC, to set up a joint venture company (JVC), Thai British DPost Company Limited.

The new company will provide laser printing and enveloping statements, bills and invoices and related value-added services.

The JVC will be located in Bangkok, Thailand.

DataPost and TBSP will hold 49 per cent and 51 per cent stakes in the JVC respectively.

DataPost is a major player in laser printing and enveloping service provider in the ASEAN region. Besides Singapore and Thailand, it also has presence in Malaysia (eP2M
Services Sdn. Bhd.) and the Philippines (ePDS, Inc.).

Earlier this year, DataPost has set up a subsidiary DataPost (HK) Pte Limited to provide one-stop services ranging from electronic data printing to enveloping and posting in Hong Kong.

TBSP is the major player in security printing in Thailand. TBSP’s principal activity is the manufacture of security documents such as bank cheques, business forms and plastic cards.

The new setup which is part of DataPost’s regional plans, will enable it to serve its regional customers in Thailand.

Read More

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.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

Subscribe to MER

 

News Archive

Pin It on Pinterest