Malaysia post the first quarter of 2013 net profit growth of 17%

Malaysia post to achieve the first quarter of 2013 net profit growth of 17%. Although the operating costs increased by 11%, but because the business mail and parcel service driving increase, companies or made outstanding achievements.
Malaysia Post recently released the latest financial results, the company's revenues grew 14% to 355800000 ringgit ($108200000).
Although the staff wages and transportation costs increase, rising second quarter group's spending to 298100000 ringgit ($90600000), but the profit is still growing to 4310 ringgit ($13100000).
Mail service has brought 56.7% revenue for the group, express business income accounted for 24.8%, another 12.4% of the revenue from other retailing sectors.
The Malaysia Post said, thanks to cost cutting and direct mail business, including postal advertising, direct mail, email and pre paid registered mail to increase revenue, mail services operating profit grew 12.5%, to 4410 ringgit ($13400000). But ordinary mail and free return mail appeared respectively 6% and 2.1% decline.
The operating profit increased by 60.9% PosLaju brand business express business quarter, revenue 1680 ringgit ($5100000). Among them, the spot of the express service profit growth of 24.6%, the contract the customer's profit increased by 12.9%.
At the same time, express department also display, special box or use prepaid envelope also increased one times above, to extend this transaction and online to a great extent and the popularity of the Klang Valley PosLaju center counter business hours.
The Malaysia Post said, affected by the employee salary expenses increased, the retail business operating losses all increase, of about 50 ringgit ($152000).
MYEX Minya Express International
2013-09-12