KUALA LUMPUR: Pos Malaysia Bhd
Net losses in the three-month ended March 31 was RM49.2mil compared with RM141mil a year ago, the company said in a statement today.
Revenue fell 6.1% to RM558mil.
Pos Malaysia said the postage rates increase is projected add annual revenue of between RM100mil and RM150mil for the mail business compared to the previous year.
“Pos Malaysia’s ongoing transformation continues to make progress, with the postal segment achieving improved gross profit as the company begins to realise the benefits of its operations improvements, cost efficiency and business focus initiatives,” group chief executive officer Syed Md Najib said.
“E-commerce has and will continue to drive our courier segment.” he said.
The average daily parcel volume recorded in April 2020 was approximately 590,000, a 69% increase compared to March 2020 and a 66% increase compared to February 2020.
“The Group expects this trend to continue as more consumers adapt online shopping as the new norm,” he said.
COL Group International's vertical drama platform transforms fragmented attention into immersive storytelling experiences A glimpse…
A glimpse into the production from our hit series, "99 Charms, 99 Heartbreaks", available on…
The Ichigo Sando, Japan's celebrated sweet sandwich, has made its way to Mallorca, now available…
The last Singaporean to win gold was Hui Peng Seng at the 1965 Games, then…
Chinese beverage entrepreneurs are making a foray into the U.S. market, attempting to capture the…
Who: Singaporean singer-actress Estelle Fly, 33, is one of the artistes performing at the Mediacorp…