SingPost's net profit fell 12.8% in the first half of the year, and its stock price dropped nearly 4% this morning | Lianhe Zaobao

Singapore Post released its half-year results for the period ending September, reporting a net profit decline of 12.8% to SGD 19.7 million, mainly due to the lack of contributions from the previously sold Australian business. The group announced an interim dividend of 0.08 cents per share, down from 0.34 cents in the same period last year. Revenue from continuing operations fell 27.4% year-on-year to SGD 188.4 million, affected by the challenging environment in the logistics business and the volume of cross-border e-commerce deliveries. The stock price dropped nearly 4% this morning