Singapore Post Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
Feb 4 15
Singapore Post Limited announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company's revenue was SGD 239,617,000 compared to SGD 222,635,000 a year ago. Profit before income tax was SGD 53,083,000 compared to SGD 49,806,000 a year ago. Total profit was SGD 42,727,000 compared to SGD 39,730,000 a year ago. Profit attributable to equity holders of the company was SGD 42,227,000 or 1.782 cents per fully share compared to SGD 39,356,000 or 1.867 cents per fully diluted share a year ago. Operating profit was SGD 49,950,000 compared to SGD 50,237,000 a year ago. Underlying net profit was SGD 42,354,000 compared to SGD 40,174,000 a year ago. Net cash provided by operating activities was SGD 41,711,000 compared to SGD 38,923,000 a year ago. Additions to property, plant and equipment was SGD 45,431,000 compared to SGD 6,276,000 a year ago. Group revenue increased by 7.6% as improved contributions from ecommerce and logistics businesses offset the decline in mail revenue.
For the nine months, the company's revenue was SGD 670,873,000 compared to SGD 627,815,000 a year ago. Profit before income tax was SGD 148,305,000 compared to SGD 140,894,000 a year ago. Total profit was SGD 120,596,000 compared to SGD 113,665,000 a year ago. Profit attributable to equity holders of the company was SGD 119,066,000 or 5.202 cents per fully diluted share compared to SGD 112,344,000 or 5.310 cents per fully diluted share a year ago. Operating profit was SGD 146,183,000 compared to SGD 142,404,000 a year ago. Underlying net profit was SGD 116,069,000 compared to SGD 113,661,000 a year ago. Net cash provided by operating activities was SGD 113,874,000 compared to SGD 156,780,000 a year ago. The difference was largely attributable to timing differences arising from the consolidation of new acquisitions and working capital movements as a result of business operations. Additions to property, plant and equipment was SGD 70,977,000 compared to SGD 18,256,000 a year ago. Revenue grew by 6.9% with growth in ecommerce and logistics related businesses continuing to offset declines in the traditional postal