Postage hike positive for Pos Malaysia’s earnings

Difficult times: The main challenge for the company is its cost inefficiency as a result of a unionised workforce, as well as its inability to significantly rationalise its extensive network of post offices, according to AmInvestment Bank Research. — Bernama

PETALING JAYA: Pos Malaysia Bhd, which posted its sixth consecutive loss-making quarter, may see its earnings lifted this year on the back of the company’s recent postage hike.

The company raised postage rates for registered mails, commercial mails and small parcels since Feb 1,2020.