KUALA LUMPUR: Pos Malaysia Bhd expects its courier service division to contribute more than half of total revenue in three years’ time, said group chief executive officer Datuk Iskandar Mizal Mahmood.
The larger earnings contribution from the courier division hinges on the exponential growth in e-commerce activities, as the traditional snail mail service declines, said Iskandar.
“As such, we have been working hard in expanding our e-commerce services portfolio.There is a growing trend of transhipment from China to Malaysia. We foresee this to continue to grow in the years to come,” he told reporters after launching EziPoz here yesterday.
EziPoz is the newest service offered in collaboration with Singapore Post. It serves as a platform for customers to shop directly from more than 350,000 online merchants in the United States.
Currently, mail delivery service is Pos Malaysia’s main income earner, contributing over 50% of the group’s total revenue with its courier service division accounting for between 35% and 40%.
On the government’s fuel subsidy rationalisation programme, Iskandar said Pos Malaysia had submitted its request for proposal to the government last Monday.
Pos Malaysia is partnering with Datasonic Group Bhd to bid for the government’s fuel subsidy rationalisation programme, through Fuelsubs House Sdn Bhd.
This article first appeared in The Edge Financial Daily, on November 14, 2014.