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SingPost Profit Up 183.7%, but Underlying Profit Is S$11.5m. Where the Gap Comes From
SingPost reported half-year net profit up 183.7% to S$55.9m, but its own underlying profit was S$11.5m. Iggy and Angela use a made-up kopitiam owner to explain a sale and leaseback of ten HDB post off
SingPost reported half-year net profit up 183.7% to S$55.9m, but its own underlying profit was S$11.5m. Iggy and Angela use a made-up kopitiam owner to explain a sale and leaseback of ten HDB post office shophouses, a tax credit and the dividend. From SingPost’s own results documents.
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