Pos Malaysia hit by stiff competition, high costs

HLIB Research said last-mile delivery players like Pos Malaysia have a challenging future

PETALING JAYA: Pos Malaysia Bhd’s operating environment is expected to remain challenging as it continues to be impacted by falling contribution from its postal segment and higher financing costs.

Hong Leong Bank Investment (HLIB) Research said Pos Malaysia registered a larger core net loss of RM30.4mil in the second quarter of 2023 (2Q23) from a core net loss of RM27.9mil in 1Q23.