SingPost Group's full-year net profit soars 74.5% to $83.1m

A final dividend of $0.013 per ordinary share was proposed following the increase.

SingPost Group's net profit soared by 74.5% to $83.1 million for the full year ended on 31 March 2022.

Given the income increase, the Board of Directors has proposed a final dividend of $0.013 per ordinary share. This would bring the annual dividend for the financial year to $0.018 per share.

The company said the net profit growth was buoyed by the higher full-year group revenue of $1.67b, which translates to an 18.6% increase from last year.

Contributing to the higher group revenue was the Logistics segment whcih saw a 61.6% jump in its full-year revenue.

The Post and Parcel segment, on the other hand, saw its full-year revenue decline by 16.3% due to the continued impact of COVID-19 on air freight capacity.

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