SingPost continues to invest in service quality and growth. Group revenue grew 30.2% to S$222.6 million from new acquisitions and e-Commerce related business. Excluding contributions from acquisitions, revenue increased by 9.3%.
The Group's net profit remained flat at S$39.4 million with continuous investments into transforming business especially in service quality and productivity in Singapore.
Net cash from operating activities was S$156.8 million, compared to S$129.6 million in the previous period, mainly due to higher operating cash flow and working capital changes. The Board of Directors has declared an interim quarterly dividend of 1.25 cents per ordinary share which will be payable on 28 Feb 2014.
Based on current share value at today closing of $1.315, SingPost is giving approximately 6.25 cents of dividend yield per annum which work out to be 4.75%. Not too bad for investors who is looking for low risk investment when the share price of SingPost does not fluctuate much.