Pos Malaysia said the postage rate increase is projected to add annual revenue of between RM100mil and RM150mil for the mail business compared to the previous year.
KUALA LUMPUR: Pos Malaysia Bhd
narrowed its losses in the first quarter on higher postal rates and a booming parcel delivery business.
Net losses in the three months ended March 31 was RM49.2mil compared with RM141mil a year ago, the company said in a statement. Revenue fell 6.1% to RM558mil.
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