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NewsPos Malaysia 1Q15 profit drops 37.9%
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Pos Malaysia 1Q15 profit drops 37.9%
by Cals Fri 22 Aug 2014, 01:30
| Pos Malaysia 1Q15 profit drops 37.9% |
| Business & Markets 2014 |
| Written by Liew Jia Teng |
| Thursday, 21 August 2014 22:09 KUALA LUMPUR (Aug 21)- Pos Malaysia Bhd saw its net profit decline 37.9% to RM27.11 million in the first quarter ended June 30, 2014 (1Q15), down from RM43.69 million a year ago, mainly due to higher expenses incurred from staff and transportation costs. In a filing to Bursa Malaysia, the group said the drop in profit was also because of the fixed mail segment’s operating cost. Meanwhile, its revenue for 1Q15 was RM368.8 million, up 3.6% from RM355.82 million a year before because its courier segment, vide innovative customer-centric solutions, are yielding positive outcome. |
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