Pos Malaysia Q3 pre-tax profit jumps to RM65.55m in 2014

KUALA LUMPUR: Pos Malaysia Bhd’s pre-tax profit rose to RM65.55 million for the third quarter ended Dec 31, 2014 from RM33.71 million in the same period last year.

Revenue increased to RM358.05 million from RM329.74 million a year ago, it said in a filing to media.

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For the nine-month period, the group generated higher revenue of RM1.098 billion for the period ended Dec 31, 2014 as compared to RM1.002 billion in the preceding corresponding period.

Pos Malaysia said the courier segment remained the key growth area, recording 35.7 per cent growth compared to the corresponding period last year.

Going forward, the continued growth in e-commerce business volume is expected to support the group’s performance in FY2015, especially for domestic and international courier and parcel services, as well as financial services, it added.