Singapore Post 2013 to 2014 fiscal year revenue increased by 25% YoY

The latest reports show, thanks to the acquisition and the electronic commerce continued to soar, Singapore Post 2013 to 2014 fiscal year revenue grew 24.6%.
2013 to 2014 fiscal year (2013 April -2014 year in March), Singapore Post full year revenue growth to 821100000 Singapore dollars (US $657000000). Remove the influence of the new subsidiary, group organic revenue growth rate of 3%. Group profit growth of 4.8% to 143100000 Singapore dollars (US $114500000).
Although the growth, but the rise in domestic mail volume declines and labor cost, the Singapore Post is still faced with increasing pressure. Mail volumes Singapore Post has two consecutive years of declining state. This fiscal year, mail volume fell 1.3%, but thanks to the growth of e-commerce and direct mail companies on the acquisition of Samplestore, mail services revenue grew 11.5% to $491000000 ($393000000).
This fiscal year, Singapore Post takeover of General Storage and Famous holdings, the Singapore postal logistics business revenue growth of 52.8% to 368500000 Singapore dollars (US $295000000).
Driven by the sale of electronic business affairs and financial business growth, especially the fourth quarter growth rate of 18.7%, retail and e-commerce sector income growth of 3.5% to 86700000 Singapore dollars (US $69400000) in the fourth quarter sales decline, Singapore postal Assets Department is still achieved growth, 4.6% to 44900000 Singapore dollars (US $35900000 annual revenue growth).
Singapore Post Group actively committed to the transformation and upgrading, carried out large-scale acquisition and investment action, total group expenditure growth 26.4%.
MYEX Minya Express International
2014-06-16