POSTAL services group Singapore Post Ltd (SingPost) is looking to a better second quarter after reporting lower Q1 profit against the previous year due to the impact of the SARS outbreak and a slowdown in the local economy.
“We expect business sentiments and consumer confidence to improve and our mail volume to grow with increased business activities,” chief executive William Tan Soo Hock said in a statement. “Barring unforeseen circumstances, we expect our second quarter results to be better than the first quarter.”
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