KUALA LUMPUR: Pos Malaysia Bhd , which posted a smaller net loss in the first quarter ended March 31 (1Q24), remains cautiously optimistic of delivering improved results in 2024.
The national post and parcel service provider posted a net loss of RM19.7mil in 1Q24, compared with a net loss of RM27.6mil in the same quarter last year.
Revenue, however, rose 2% to RM491.9mil against RM482.3mil previously.
Its loss per share stood at 2.52 sen against 3.53 sen a year prior.
Group chief executive officer Charles Brewer said its 1Q results reflected a significant milestone in its sustainable growth and profitability journey.
“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 that exist.”