Supplier Spotlight

What is the most important reason why direct mail is such a powerful tool for online retailers?


SingPost revenue climbs by nearly 12% in third quarter

Singapore Post (SingPost) has recorded third quarter revenue totaling S$412.8m (US$312.4m), an 11.7% increase over the same period the previous year.

The post has attributed the result to growth in its postal, e-commerce and property divisions, as well as a S$6.9m (US$5.2m) one-off adjustment of deferred tax arising from changes in the US corporate tax rate. As a result, the net profits rose more than 37% year-on-year to S$43m (US$33m).

Paul Coutts, group CEO, SingPost, said, “Good execution across the group saw us capture the benefits of a festive peak season in which e-commerce volumes made new records globally. During the quarter, revenue from e-commerce-related activities rose 26.4 % to S$247.8m (US$187.5m), hitting 60% of total revenue.”

Over the same period, SingPost’s postal revenue increased 15.8% and operating profit rose 4%. International mail revenue rose 37.7% to more than S$100m (US$75.7m), driven by higher cross-border e-commerce deliveries, including those for the Alibaba Group’s Double-Eleven shopping event in November 2017.

E-commerce revenue rose 19.7% in the quarter and more than halved its operating loss. SingPost subsidiary Jagged Peak recorded a 43.9% surge in revenue, reflecting the US festive peak retail season.

Rental and property-related income increased 52.9%, driven by rental income from the SingPost Centre retail mall that was opened in October 2017. Total expenses increased 14.7% year-on-year for the period, reflecting higher volume-related expenses.

February 6, 2018

Video Exclusives

Tompkins launches autonomous robotic sorting system

Technology developer Tompkins Robotics has partnered with IT provider Lab Z to launch its t-Sort portable, automated sortation system. The new solution uses a network of automated drones fitted with tilt trays to harmoniously sort parcels and packets into dedicated containers.

30 January, 2018

FarEye launches Drop&Pick app in Europe

Digital logistics platform FarEye has launched its cloud-based web and mobile app Drop&Pick in Europe. The app allows logistics firms to set up local stores as automated parcel shop hubs to meet the growing demand for fast, convenient parcel dispatch and collection.

23 January, 2018


Your email address:

Read Latest Issue

Read Latest Issue

Exclusive Articles

Roger Morris, head of parcels, Royal Mail, speaks to PPTI about peak 2017 and the company’s latest tracking developments    February 1, 2018
Click here to read more

Ian Kerr founder of the Postal Hub Podcast, and Marek Różycki, managing partner at Last Mile Experts, take a closer look at the 2017 peak season. January 16, 2018 
Click here to read more

Matthew Robertson, co-CEO of parcel data management platform NetDespatch, examines five key trends set to shape the e-commerce industry in 2018   December 14, 2017
Click here to read more


Ian Kerr founder of the Postal Hub Podcast, and Marek Różycki, managing partner at Last Mile Experts, examine the potential two-man delivery services can provide for posts February 21, 2018 
Click here to read more

Ian Kerr founder of the Postal Hub Podcast, and Marek Różycki, managing partner at Last Mile Experts, provide some clarity when comparing parcel lockers against PUDO networks February 13, 2018
Click here to read more

Dean Maciuba, managing partner for North America at Last Mile Experts, sheds some light on the growing threat posed by Amazon to FedEx and UPS’s dominance of the US market February 6, 2018
Click here to read more

Supplier Spotlight

Supplier SpotlightClick here for listings and information on leading suppliers covering all aspects of the postal technology industry. Want to see your company included? Contact for more details.

Submit your industry opinion

Industry BlogDo you have an opinion you'd like to share with the postal technology community? We'd like to hear your views and opinions on the leading issues shaping the industry. Share your comments by sending up to 500 words to

Submit Your Recruitment Ad

Recruitment AdTo send us your recruitment advertising or to receive information on placing a banner please email