Singapore Post, the city’s biggest postal service provider, said fourth-quarter profit rose 2.5% to $35.3 million despite a 2.9% dip in sales to $115.6 million, reported Bloomberg.
Rental and property related income surged 49.7% to $9.7 million.
In light of the swine flu outbreak, CEO Wilson Tan says, “We have activated our business contingency plans to ensure that there is no disruption to service and our customers can continue to rely on us as they did during the SARs outbreak.”
The company proposed a final dividend of 2.5 cents.
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