DRB-Hicom Bhd requested yesterday to suspend the trading of its shares today, pending the release of a material announcement, whichRead More

DRB-HICOM : Major Announcement at 12PM Today

Read More

PETALING JAYA: Pos Malaysia Bhd’s net profit fell 25.9% to RM10.64 million for the fourth quarter ended March 31, 2017 against RM14.35 million in the previous corresponding period, due to higher cost of sales and operating expenses as well as finance cost.

Revenue for the quarter under review, however, soared 46.6% from RM433.64 million to RM635.55 million.

Pos Malaysia said in a filing with the stock exchange that it expects the group’s prospects to remain positive in the near to medium term, with continued growth in e-commerce, domestic and regional remained as one of the key growth drivers for it.

“Favourable demographics, competitive pricing and increased reliability of the fulfilment functions by the marketplace platforms are expected to spur the increase in online purchases, especially consumer goods, in Malaysia and the region,” it opined.

Pos Malaysia’s full-year net profit rose 33.2% from RM63.09 million to RM84.06 million on the back of a 21.2% rise in revenue from RM1.72 billion to RM2.08 billion.

Pos Malaysia’s fourth quarter earnings 25.9% lower

Read More