The group registered a net profit of RM22.5 million, or 4.19 sen per share, in 3QFY16. Postal services revenue fell due to net drop in traditional mail volume and lower transaction from retail segment from commercial private section for unit trust. For the moment, he said the postal group would continue to drive innovation in the e-commerce industry by providing market-oriented solutions such as 'FlexiPrepaid'. "Pos Malaysia will continue to develop such e-commerce products for the benefit of both merchants and consumers," Mohd Shukrie added. The improved earnings may explain the steady rise on the postal group's share price, which has climbed from the low of RM2 in March last year to RM4.41 today.

Source: The Edge Markets February 23, 2017 11:15 UTC