Singapore Post first quarter revenue growth of 32%

The latest data show that, although the overall profit declined slightly, the first quarter of the growth of e-commerce is still Singapore Post 2013-2014 fiscal year but (4-6 months) the main driving force of income growth. Singapore Post 2013-14 fiscal first quarter revenue growth of 32%, reached 201300000 dollars, this is mainly due to the business integration of several acquisitions.
13.7% letters of income growth, reached $114700000, thanks to the international e-commerce package business growth, as well as the integration of Novation Solutions. However, domestic mail traffic for 7 quarter.
Logistics business income reached 93800000 dollars, mainly based on the integration of the new Affiliated Companies Lock Store and Famous Holdings, as well as the growth e-fulfilment regional business. Logistics business income accounted for 39.5% of the total income of the Singapore post.
Retail and e-commerce plate income to maintain a stable at $20800000. Front end electronic business (including vPOST, Clout Shoppe and SP e-commerce service) growth, retail and financial services for income slowdown.
As a result of the first quarter operating costs rose 39.5%, more than the total income growth, the company net profit fell 2%, to $37300000. Spending attributed the increase to the matters related to the cost, including the new Affiliated Companies integration, business growth, strengthen the service and productive investment, and additional cost.
Singapore Post CEO Wolfgang Baier said, domestic mail business volume continued to decline, the 7 consecutive quarter of decline. Revenue from new Affiliated Companies, organic growth and group 6.5%, and improve the overall performance of Singapore Post first quarter.
Although the income of this quarter good growth, but profits are affected by spending growth. Spending growth is mainly due to the integration cost, development cost of new Affiliated Companies's new business in the development of the regional business and trade related foreign exchange fluctuation.
Looking to the future, Baier said, Singapore Post through targeted investment, improve the production efficiency and cost management efficiency and other measures to continue the expansion of business. Singapore postal company will in the next few years, investment of 1 million new for improving service and improve productivity.
MYEX Minya Express International
2013-09-02