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Singapore Post Ltd.

Company Background

Singapore Post has roots in a mail office set up inside the former parliament house in the 19th century, when the city-state was a British colony. The company, known as SingPost, was formed in 1992, when the Telecomunication Authority of Singapore was split into three entities. It was listed on the Singapore Exchange in May 2003. Alibaba Investment, a wholly-owned subsidiary of China's e-commerce giant Alibaba Group, in July acquired a stake of about 10% in SingPost. The two companies are eyeing opportunities to set up joint ventures in international e-commerce logistics. Alibaba Investment is the second-largest shareholder in the company, after Singapore Telecommunications.

SingPost is diversifying to tackle a decline in domestic mail volume. Current group CEO Wolfgang Baier, formerly of McKinsey & Company, took the helm in 2011 to lead transformation efforts. He is trying to change SingPost from a domestic postal company into an international logistics and e-commerce operation. To do so, the company has made a series of acquisitions. General Storage Company, a Singapore-based self-storage service operator, was bought in 2013 by SingPost. By acquiring Famous Holdings in 2013, SingPost gained access to the air and sea freight businesses. SingPost is also set to open a new regional logistics hub catered for e-commerce companies in 2016.

Business Summary

Singapore Post Ltd. engages in the provision of of postal, e-Commerce logistics and retail services. It operates through the following segments: Post and Parcel, Logistics, e-Commerce, Property, and Others. The Post and Parcel segment provides services for collecting, sorting, transporting and distributing domestic and international mail as well as sale of philatelic products, agency services and financial services. The Logistics segment offers logistics solutions, comprising freight, warehousing, domestic and international distribution, and delivery services. The e-Commerce segment provides front-end e-Commerce solutions. The Property segment includes the rentals from property rental and self-storage businesses. The Others segment refers to the unallocated corporate overhead items and trade-related foreign exchange translation differences. The company was founded on March 28, 1992 and is headquartered in Singapore.

Financial Highlights

Mar 2019 SGDUSD
Gross Profit304.70M224.36M
Operating income132.72M97.72M
Income before tax54.61M40.21M
Net income4.08M3.00M
Diluted EPS0.000.00
Dividends Per Share0.030.02
Total Assets2,619.24M1,933.73M
Total liabilities1,305.60M963.90M
Total equity1,266.24M934.84M
Operating cash flow134.23M98.83M
Currency in SGDCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 919.58M 1,151.54M 1,347.76M 1,513.42M 1,556.69M
Gross Profit 255.42M 283.78M 263.73M 309.94M 304.70M
Operating income 134.58M 141.82M 102.47M 140.19M 132.72M
Income before tax 185.85M 278.16M 54.94M 155.30M 54.61M
Net income 142.73M 233.99M 18.52M 120.62M 4.08M
EBITDA 169.12M 173.70M 153.49M 199.42M 190.65M
Diluted EPS 0.06 0.10 0.00 0.05 0.00
Dividends Per Share 0.06 0.07 0.03 0.03 0.03
Total Assets 2,210.72M 2,426.48M 2,716.58M 2,684.13M 2,619.24M
Total liabilities 1,030.24M 1,155.02M 1,256.14M 1,284.71M 1,305.60M
Total equity 1,117.23M 1,203.56M 1,359.32M 1,359.07M 1,266.24M
Operating cash flow 222.17M 115.02M 180.81M 182.89M 134.23M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 713.65M 830.54M 973.93M 1,115.62M 1,146.23M
Gross Profit 198.22M 204.68M 190.58M 228.47M 224.36M
Operating income 104.44M 102.28M 74.05M 103.34M 97.72M
Income before tax 144.23M 200.62M 39.70M 114.48M 40.21M
Net income 110.77M 168.76M 13.38M 88.91M 3.00M
EBITDA 131.25M 125.28M 110.92M 147.00M 140.38M
Diluted EPS 0.05 0.07 0.00 0.03 0.00
Dividends Per Share 0.04 0.05 0.02 0.02 0.02
Total Assets 1,611.66M 1,801.93M 1,944.16M 2,046.91M 1,933.73M
Total liabilities 751.07M 857.73M 898.98M 979.72M 963.90M
Total equity 814.49M 893.77M 972.82M 1,036.42M 934.84M
Operating cash flow 172.42M 82.95M 130.66M 134.82M 98.83M

Valuation Measures

Mar 2019
Operating margin8.52%
Profit margin0.26%

Key executives

  • Group CEO & Non-Independent Executive Director: Paul William Coutts
  • Group Chief Financial Officer: Tak Loi Lai
  • Group Chief Digital and Technology Officer: Kia Hwee Tan
  • Group Chief Transformation Officer: Jui I Lim
  • Chief Executive Officer-eCommerce: Paul Demirdjian


  • Singapore Telecommunications Ltd. (21.7%)
  • Alibaba Group Holding Ltd. (14.4%)
  • The Vanguard Group, Inc. (1.7%)
  • Singapore Post Ltd. (1.1%)
  • Dimensional Fund Advisors LP (1.0%)
  • Norges Bank Investment Management (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • Deka Investment GmbH (0.4%)
  • NTUC FairPrice Co-Operative Ltd. (0.4%)
  • Toh Capital Pte Ltd. (0.4%)

Contact Details

  • Website:
  • Address: 10 Eunos Road 8, Singapore Post Centre, Singapore, 408600, Singapore
  • Phone: +65..6841.2000

Related Companies

  • SingPost Logistics Enterprise Pte Ltd.
  • SingPost Investments (Toh Guan) Pte Ltd.
  • Quantium Solutions International (Malaysia) Sdn. Bhd.
  • SP LLC
  • Quantium Solutions (Hong Kong) Ltd.
  • SingPost Investments (eCommerce Logistics) Pte Ltd.
  • SingPost Investments (Tampines) Pte Ltd.
  • Quantium Solutions Holdings Pte Ltd.
  • EK Media Pte Ltd.
  • Singpost Logistics Investments Pte Ltd.
  • Lock Plus Store Tanjong Pagar Pte Ltd.
  • Lock Plus Store Ayer Rajah Pte Ltd.
  • Singpost Investments Pte Ltd.
  • General Storage Co. Pte Ltd.
  • SingPost Ecommerce II Pte Ltd.
  • Quantium Solutions International Pte Ltd.
  • Quantium Solutions (Australia) Pty Ltd.
  • Famous Holdings Pte Ltd.
  • Singapore Post Enterprise Pte Ltd.
  • G3 Worldwide Aspac Pte Ltd.


  • bpost SA
Last Updated on 24 Feb, 2020

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