{
  "id": 18418528,
  "title": "SingPost H1 profit up 183.7% at $55.9 million on sale and leaseback of HDB shophouses",
  "url": "https://urgent.news/2026/11/06/singpost-h1-profit-up-183-7-at-55-9-million-on-sale-and-leaseback-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T01:10:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/singpost-h1-profit-up-183-7-at-55-9-million-on-sale-and-leaseback-of-hdb-shophouses"
  },
  "original_language": "en",
  "account": "Singapore Post reported a staggering 183.7% increase in net profit to $55.9 million for H1 2026, driven by exceptional gains from property sales and leasebacks. Revenue, however, fell by 1.3% to $185.9 million, due to lower international revenue. Underlying net profit more than doubled to $11.5 million, aided by improved performance and a tax provision write-back. Shares rose 1.8% to $0.29 following the strong results. The company aims to reduce its post office network to 30 branches and 50 self-service lobbies by March 2027, while refreshing the SingPost Centre retail mall.",
  "summary": "Revenue slipped 1.3% to $185.9 million, mainly due to declining international mail volumes.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "SingPost H1 profit up 183.7% at S$55.9 million on sale and leaseback of HDB shophouses",
        "url": "https://urgent.news/2026/11/06/singpost-h1-profit-up-183-7-at-s-55-9-million-on-sale-and-leaseback",
        "published": "2026-11-06T00:24:34.000Z"
      },
      {
        "outlet": "CNA - Singapore",
        "title": "SingPost's first-half net profit rises 183.7% to S$55.9 million on HDB shophouse sale and leaseback",
        "url": "https://urgent.news/2026/11/06/singposts-first-half-net-profit-rises-183-7-to-s-55-9-million-on-hdb",
        "published": "2026-11-06T03:03:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}