KUALA LUMPUR: Pos Malaysia Bhd recorded a net loss of RM43.9mil in the third quarter ended Sept 30, 2021 as compared to a net loss of RM7.43mil in the previous corresponding quarter, on the back of lower postal revenue.

       In a Tuesday statement, the postal operator said revenue for the quarter was RM536.26mil, a 13.93% decline from the year-ago quarter due to slower domestic and international mail.

       It pre-tax loss for the quarter narrowed to RM40.5mil compared to a loss of RM119.4mil in the year-ago quarter, primarily attributable to effective implementation of the turnaround plan, including rigorous cost management.

       For the nine-month period ended Sept 30, 2021, the group recorded a pre-tax loss of RM206mil on revenue of RM1.66bil.

       "Despite the continuing COVID-19 challenges, we are beginning to see the signs that the turnaround plan is starting to deliver.

       "We are redoubling our efforts to turnaround the business, address ‘foundational’ service gaps and to transform our business to position Pos Malaysia as the provider of choice for e-commerce parcels, whilst carefully managing expenses, cashflow and liquidity," said Pos Malaysia group CEO Charles Brewer.