KUALA LUMPUR, May 23 — Pos Malaysia Bhd’s pre-tax profit rose 42 per cent to RM131.4 million for the financial year ended March 31, 2017, from RM92.5 million recorded in the same period last year.

The company’s revenue increased 23 per cent to RM2.1 billion from RM1.7 billion previously, due to the inclusion of its newly acquired logistics business and strong growth in the courier business, it said in a statement today.

Group Chief Executive Officer Datuk Mohd Shukrie Mohd Salleh said the company was successful in implementing its strategic initiatives, as outlined in the company’s transformation programme, in an effort to become the e-commerce fulfilment and logistics services provider of choice. — Bernama