Singapore Post Limited announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported revenue of SGD 171.0 million against SGD 149.4 million a year ago. Net profit was SGD 39.5 million or 1.889 cents per share against SGD 41.6 million or 2.2 cents per share a year ago. Net cash from operating activities was SGD 29.8 million against SGD 45.1 million a year ago. Underlying net profit was SGD 39.8 million against SGD 38.9 million a year ago. Net profit dips 5.1% due to inflation and costs including investments into service quality and growth. Group revenue grew 14.5% in the third quarter of FY2012/13, driven mainly by growth in e-commerce activities as well as contributions from new investments.

For the nine months, the company reported revenue of SGD 476.3 million against SGD 432.6 million a year ago. Net profit was SGD 110.4 million or 5.255 cents per share against SGD 111.4 million or 5.852 cents per share a year ago. Net cash from operating activities was SGD 129.6 million against SGD 125.4 million a year ago. Underlying net profit was SGD 109.1 million against SGD 108.6 million a year ago.