Pos Malaysia’s Q3 pre-tax profit rises to RM45.7m

KUALA LUMPUR, Feb 21 – Pos Malaysia Bhd’s pre-tax profit increased to RM45.65 million for the third quarter ended Dec 31, 2012, compared with RM27.31 million in the same period last year.

Revenue also increased to RM313.26 million from RM289.63 million.

In a filing to Bursa Malaysia, the group said profit from operations  increased by 18.7 per cent compared with last year, due to higher revenue despite an increase in expenses.

Going forward, the group would continue to explore further enhancement in productivity via new strategic initiatives and implement cost optimisation for  its relevant business units for future growth.

“Hence, the outlook of the financial year ending March 31, 2013, remains positive,” it added. – Bernama