{
  "id": 18432424,
  "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-18432424",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T03:03:00.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/singapore/singpost-results-net-profit-h1-fy2026-2027-6529541"
  },
  "original_language": "en",
  "account": "Singapore Post's (SingPost) first-half net profit surged 183.7% to S$55.9 million, driven by the sale and leaseback of 10 Housing and Development Board (HDB) post office shophouses. Revenue declined 1.3% to S$185.9 million, primarily due to lower international revenues. Despite a 9.1% rise in cross-border parcel volume, global logistics revenue dropped 28.6% due to a decline in cross-border letter mail. Excluding one-off gains, the company's underlying net profit jumped 107.5% to S$11.5 million, benefiting from cost optimization and stronger domestic parcel deliveries. CEO Mark Chong acknowledged the challenging environment but emphasized the importance of disciplined cost management and operational discipline.",
  "summary": "Excluding one-off gains, SingPost's underlying net profit more than doubled to S$11.5 million, despite a decline in revenue.",
  "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": "Straits Times Business",
        "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",
        "published": "2026-11-06T01:10:00.000Z"
      }
    ]
  },
  "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."
}