Pos Malaysia Bhd
From The Star, Wednesday July 14, 2010
"Both government linked companies Sime Darby Sdn Bhd and Pos Malaysia Bhd are still financially stable, said Prime Minister Datuk Seri Najib Tun Razak.
Najib said the reported losses of Pos Malaysia Bhd was not “operational losses” but due to the devaluation of its stake in Transmile Group Bhd."
Let's look at the financial statement from Pos Malaysia Bhd:
|Current Assets more than Fixed Assets||No|
|Current Ratio more than 1.50||No|
|Net Profit before Tax||Yes|
|Fast Cash Flow Positive||Yes|
|Cash and Cash Equivalents over Current Assets||75%|
|Trade and Other Payables over Current Liabilities||96%|
|Biggest Turnover (Debtors)||0.98 months|
POS Malaysia Berhad, itself besides with postal and related services, it also operates as Fuel Rebate, and Receive and Pay for Agency Payable (Utilities bills, banks, and etc...). During 2010, achieve better revenue as compare to 2009. A significant figure on the Fast Cash Flow. Yeap, POS is achieving Net Profit.
During financial year 31.03.2012, the corporate has made some improvements over GP Margin, and Net profit before tax. Not forgetting increase of cash and cash equivalents. However a decrease of current ratio and fast cash flow is seen.
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