Despite attaining its highest half-year revenue ever, Singapore Post reported a net loss of $9.9 million...

   

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Despite attaining its highest half-year revenue ever, Singapore Post reported a net loss of $9.9 million for the first half of the fiscal year ended September 2022, reversing from its profit of $35 million for the same period in 2021. Earnings per share fell to 0.68 cent from 1.23 cents a year ago. Revenue for the first half of the fiscal year came in at a record $958.9 million, driven mainly by higher contributions from the logistics business, which drew in $680.8 million, up 79.4 per cent from $379.5 million a year ago. This was credited to the international freight forwarding volume growth. However, the group noted continued weakness in its post and parcel business, which registered a 19.6 per cent year-on-year drop in revenue to $261.7 million. On the international front, elevated air conveyance rates and lockdowns in China were cited as key factors in the decline. Source: article is adapted for academic teaching purpose, https://www.straitstimes.com/business/singpost-sinks-into-red-with-99m-first-half-loss-despite-record-revenue <<accessed 20 Nov 2022> SingPost is in the postal and parcel delivery business. Based on the above article extracted from the Straits Times, it was reported that the company has posted a net loss of $9.9 million for the first half of its fiscal year which ended September 2022. Examine the THREE (3) factors (out of five factors listed here: government policies, societal changes, business trends, advances in technology and globalisation) that have possibly affected Singapore Post's decline in earnings in the past year. Despite attaining its highest half-year revenue ever, Singapore Post reported a net loss of $9.9 million for the first half of the fiscal year ended September 2022, reversing from its profit of $35 million for the same period in 2021. Earnings per share fell to 0.68 cent from 1.23 cents a year ago. Revenue for the first half of the fiscal year came in at a record $958.9 million, driven mainly by higher contributions from the logistics business, which drew in $680.8 million, up 79.4 per cent from $379.5 million a year ago. This was credited to the international freight forwarding volume growth. However, the group noted continued weakness in its post and parcel business, which registered a 19.6 per cent year-on-year drop in revenue to $261.7 million. On the international front, elevated air conveyance rates and lockdowns in China were cited as key factors in the decline. Source: article is adapted for academic teaching purpose, https://www.straitstimes.com/business/singpost-sinks-into-red-with-99m-first-half-loss-despite-record-revenue <<accessed 20 Nov 2022> SingPost is in the postal and parcel delivery business. Based on the above article extracted from the Straits Times, it was reported that the company has posted a net loss of $9.9 million for the first half of its fiscal year which ended September 2022. Examine the THREE (3) factors (out of five factors listed here: government policies, societal changes, business trends, advances in technology and globalisation) that have possibly affected Singapore Post's decline in earnings in the past year.

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the following three factors have possibly affected Singapore Posts decline in earnings in the past year Advances in technology The rise of ecommerce h... View the full answer