SINGAPORE (Aug 7): SingPost’s lacklustre 1Q17 results come as anything but a surprise, given the unfortunate series of events it has been through this year.

On Thursday, the mail, logistics and e-commerce company posted a decline in 1Q17 earnings to $35.9 million, down 23% on the absence of one-off gains. 

SingPost was listed on the mainboard of the Singapore Exchange in 2003 at an initial public offering (IPO) price of 60 cents as a traditional mail deliverer where shareholders can expect steady yields but not much exciting.

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