PETALING JAYA: Pos Malaysia Bhd is expected to gain higher profits as the company accelerates its investments in employees’ health and well-being via its initiative called FIT, says chief executive officer Charles Brewer.
“Healthy and happy employees will deliver better service for our customers, and happy customers will stay with us longer, leading to profitability,” he said during his key address at the FIT launching ceremony at Pos Malaysia’s headquarters yesterday.
He added that Pos Malaysia would benefit from higher productivity and improved financials.
“Having highly motivated, engaged and safe employees is a key part of our transformation-focused strategy and we deliver on that by ensuring we create an amazing and safe environment where our teams can flourish,” Brewer added.
In a collaboration with digital health and well-being company Naluri, the initiative will be delivered via Pos Malaysia’s employee engagement mobile platform Kyzense.
The integration of Naluri’s predictive and preventive well-being features into Kyzense will help to keep Pos Malaysia’s employees informed on health issues.
Additionally, artificial intelligence (AI) was also incorporated in FIT to address physical fitness, diet, mental well-being, as well as chronic condition management.
Pos Malaysia said that it remains dedicated to nurturing an environment of continuous improvement and well-being by ensuring that every employee has the resources and support needed to thrive, personally and professionally.
Pos Malaysia started the year with a slightly lower net loss of RM19.69mil for its first quarter results ended March 31, 2024 (1Q24) compared with a net loss of RM27.66mil posted during the same quarter of the previousyear.
The group’s net loss reflected a basic loss per share of 2.52 sen per share as compared to 3.53 sen per share in 1Q23.
Its improvement was said to be attributable to higher revenue, coupled with lower cost of sales and operating expenses.
The group recorded a slightly higher revenue of RM491.97mil, a 2.01% increase year-on-year, from RM482.27mil previously.
On that note, Pos Malaysia said it remained cautiously optimistic to deliver improved results for the current financial year.
“Through enhanced yields, a continued focus on optimising our assets and stringent cost controls, we have successfully navigated challenges while capitalising on the many opportunities available,” Brewer said in a statement.