Pos Malaysia records RM2.33b revenue in FY20

Pos Malaysia reported net loss of RM309.02mil and a loss before tax of RM303.49mil due to the unprecedented Covid-19 pandemic in FY20 which impacted the postal, logistics and aviation segments.

KUALA LUMPUR: Pos Malaysia Bhd recorded revenue of RM2.33bil in the financial year ended Dec 31,2020, underpinned by the revised postage rates for commercial mail and higher parcel volume.

It said in a statement on Monday the higher postage rates came into effect in February last year while the Movement Control Order and other restrictions resulted in an increase in online shopping.