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SingPost's first-half net profit rises 183.7% to S$55.9 million on HDB shophouse sale and leaseback

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SingPost's first-half net profit rises 183.7% to S$55.9 million on HDB shophouse sale and leaseback
Photo / Coverage: Channel NewsAsia (CNA)
EXECUTIVE SUMMARY

The company attributed the increase mainly to one-off gains from the sale and leaseback of 10 Housing and Development Board post office shophouses.

Key Takeaways

  • SingPost's first-half net profit rises 183.7% to S$55.9 million on HDB shophouse sale and leaseback.
  • The company attributed the increase mainly to one-off gains from the sale and leaseback of 10 Housing and Development Board post office shophouses.
  • The company attributed the increase mainly to one-off gains from the sale and leaseback of 10 Housing and Development Board post office shophouses.

The company attributed the increase mainly to one-off gains from the sale and leaseback of 10 Housing and Development Board post office shophouses.

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Published originally on Channel NewsAsia (CNA)

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