Pos Malaysia incurs net loss in second quarter on lower revenue

In a separate statement, Pos Malaysia said despite challenging operating conditions, it would continue to press ahead with its initiatives to become the premier e-commerce fulfilment and logistics services provider domestically, and in time, regionally.

PETALING JAYA: Pos Malaysia Bhd recorded a net loss of RM16.58mil for its second quarter ended Sept 30 from a net profit of RM18.83mil previously.

The net loss was due to the lower revenue registered from postal services and the international and logistics segments, coupled with the increase in the cost of sales and operating expenses as well as finance costs.