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Pos Malaysia’s net loss in the final quarter of fiscal year 2023 (ending December 31) narrowed 29% to RM69.84 million, compared with a net loss of RM98.41 million in the same period last year; revenue fell slightly by 1% year-on-year to RM400 million. RM61.56 million, compared with RM467.2 million in the same period last year.
Pos Malaysia’s full-year net loss reached RM157.85 million, down 6% from the previous year’s RM167.67 million; revenue fell 5% year-on-year to RM1.87074 million, down from the previous year’s RM1.9 billion. RM60.8 million.
Pos Malaysia said it still faces challenges from economic uncertainty, consumers’ preference for physical shopping and fierce competition in the parcel market.
(Source: Oriental Daily Picture source: freepik)
