PETALING JAYA: Pos Malaysia Bhd
has continued its streak of losses, posting a net loss of RM41.52mil for the first quarter ended March 31, 2025 compared to a net loss of RM19.68mil for the same quarter a year ago.
According to a filing on Bursa Malaysia, the postal service company said the loss was due to lower sales as well as an operating expense of RM36.9mil.
For its postal segment, revenue fell 4% due to the drop in bulk mail volume handled and lower international volume during the quarter.
Its logistics segment also saw a decrease in revenue from the automotive and freight management business due to the lower volume handled and change in pricing mechanisms and the extended docking period of a vessel.
Its one positive was the aviation segment which recorded a higher revenue attributable to the in-flight catering business with higher number of meals uplifted.
Its revenue for the quarter under review was also lower at RM467.06mil compared to RM491.97mil in the same quarter last year.
It noted, however, its revenue for 1Q25 was 2% higher than 4Q24, driven by stronger performances in its postal and aviation segments.
Moving forward, Pos Malaysia said it will remain committed to advancing its transformation agenda.
“This will center around enhancing customer experience, expanding our service portfolio, upskilling our workforce, embedding environmental, social and governance priorities and strengthening operational efficiencies,” it said.
It added it will stay cautious for the remaining of the year despite the external environment being dynamic.
