SingPost this week announce its 4th quarter and full year results. Not many highlights except that domestic mail continues to decline and SingPost is looking into expanding overseas into more logistics. I shall not go too much into SingPost’s fundamentals, SingPost is one stock with a very stable and easy to understand balance sheet. Readers who want a glance at SingPost financial ratios from IPO till 2011 can view it here > Some highlights:

1. Increase in investments in associated company (100% more)
2. Quarter free cash flow generated: 43 mil vs 65 mil (2010)
3. Quarter dividend payout: 24 mil
4. Full Year free cash flow generated: 150 mil vs 175 mil (2010)
5. Full Year dividend payout: 120 mil
6. Net Income decline to 161 mil vs 165 mil (2010)
7. Mail Segment Margin is 36.6% vs 36.1% (2010)
8. Logistics Segment Margin is  6.89% vs 8.2% (2010)
9. Retail Segment Margin is ...

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