Pos Malaysia narrows losses in first quarter


Pos Malaysia said the postage rate increase is projected to add annual revenue of between RM100mil and RM150mil for the mail business compared to the previous year.

KUALA LUMPUR: Pos Malaysia Bhd narrowed its losses in the first quarter on higher postal rates and a booming parcel delivery business.

Net losses in the three months ended March 31 was RM49.2mil compared with RM141mil a year ago, the company said in a statement. Revenue fell 6.1% to RM558mil.

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Pos Malaysia , postage , mail business

   

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