Smaller net loss for Pos Malaysia in 2Q

PETALING JAYA: Pos Malaysia Bhd reported a smaller net loss of RM5.25mil in the second quarter ended June 30, 2022 (2Q22) compared with a net loss of RM121.84mil in 2Q21. This was attributable to effective cost management and lower staff cost that was brought about by its mutual separation scheme (MSS) exercise.

In a filing with Bursa Malaysia, the local postal delivery service provider said its cost management efforts resulted in lower transportation and delivery costs in financial year 2022.