Summary: SingPost reported a full-year net profit of S$245.1 million, driven by a S$222.2 million exceptional gain from the divestment of its Australia business. Excluding the exceptional gain, underlying net profit fell over 40% to S$24.8 million due to challenging global logistics sector conditions. The company plans to allocate proceeds from the sale to debt reduction, shareholder returns, and future growth.

Link: https://www.channelnewsasia.com/singapore/singpost-reports-net-profit-sale-australia-business-5131051