# SingPost’s first-half net profit rises 183.7% to S$55.9 million on HDB shophouse sale and leaseback

- URL: https://talkfuse.com/story/singposts-first-half-net-profit-rises-183-7-to-s55-9-million-on-hdb-shophouse-sale-and-leaseback/
- Published: 2026-11-06T03:03:00+00:00
- Updated: 2026-11-06T03:26:48+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/singapore/singpost-results-net-profit-h1-fy2026-2027-6529541
- Topics: World

## Key points

- Shophouse sale and leaseback gains lifted first-half net profit to S$55.9 million.
- Underlying net profit more than doubled to S$11.5 million.
- Parcel growth partly offset falling letter mail and international revenue.

## Summary

Singapore Post’s net profit rose 183.7 per cent year on year to S$55.9 million in the first half of FY2026/27, largely because of gains from selling and leasing back 10 HDB post office shophouses. The result highlights how property transactions boosted reported earnings while the postal business continues to face declining letter volumes and pressure on international logistics.

Revenue slipped 1.3 per cent to S$185.9 million, but underlying net profit, excluding exceptional items, more than doubled to S$11.5 million. Domestic parcel volumes grew 23.8 per cent, while international logistics revenue fell 28.6 per cent despite a 9.1 per cent rise in cross-border parcel volumes; cash holdings were S$642.5 million and the board declared an interim dividend of 0.15 Singapore cents per share.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.