POS MALAYSIA BHD [] posted net profit of RM38.26 million in the first quarter ended March 31, 2011, a significant increase from only RM1.62 million a year ago.

The postal services company said on Tuesday, May 24 the earnings growth was underpinned by the domestic tariff increase which came into effect on July 1, 2010.

The group’s growth of almost 121% in profit from operations at RM50.86 million (2010: RM23.07 million) for the period ended March 31, 2011 was due to the tariff increase and benefits realised from transformation initiatives.

“This is supported by revenue of RM304.5 million; a substantial increase of 31.8% from RM231.1 million in the preceding year,” it said.

Its earnings per share were 7.12 sen versus 0.3 sen a year ago.

Pos Malaysia also said its profit from operation of RM50.86 million, compared to the RM26 million recorded in 4Q2010.

“An increase in profit by RM24.9 million or almost 96% was due to the increase in revenue by RM27.2 million,” it said.

The group’s higher profit before taxation by RM38.7 million was due to higher operating profit but partially mitigated by the higher impairment provision of the investment in TRANSMILE GROUP BHD [] by RM3.4 million and lower other operating income of RM4.3 million.

“In addition, during preceding quarter last year, the group provided one-off impairment provision relating to capital expenditure incurred for the postal counter system of RM22.3 million,” it said.

DRBHCOM price no movement in the queue yet!
Maybe the investors are still sleeping?
I hope POS profit would help DRBHCOM price to surge!

Even though this is an UMNO counter, I believe this is really a sleeping giant. I will not be surprised this stock can go up to at least 4.00 but the only question is when? thinking real hard to collect this stock and keep long term since the price now is still low...

I am hoping the quarter report to be good!

reviving this topic...

it is SO BORING these days for drbhcom.

Yes it is...
It has been fluctuating around RM2.2+ for quite some time~

yeah rite! Better than dropping like sh|t..

isn't this good news? no?

Haha... Prefer it to fluctuate around RM2.5X...

SWING up down up down ... warrant so many but no movement ... very wasted ...

It's a sleeping giant, but once it awakes, there goes the top counter of the day.

Haha... I am waiting for it to wake up...
But I don't think it will be tomorrow...
DJI now super duper red... 3 digits red!!!

Don't expect so soon, although I might be wrong.

I just hope it is before the next quarter results~

How much you put in this counter and what's your abp?

I believe it will wake up one day. look at its business model and growth potential, with such low PE for a midcap company. but, dunno what day lah.
EPF has been buying quite a lot, that comfort me a lot.

This post has been edited by yok70: Jun 24 2011, 01:22 AM

RM2.2X are my ABP...


Yea... When I see the price falls, I buy more because EPF is acquiring, so I feel better...
Lol...

im always interested with this stock. looks promising, but somehow its always stagnant

Up 5 cents now... Highest for today is RM2.26~
Hopefully it would continue the uptrend momentum!

i am starting to accumulate DRBHCOM-CD hehe...