PT Pos earns Rp 100b in 1999

PT Pos earns Rp 100b in 1999

JAKARTA (JP): State-owned postal company PT Pos Indonesia
booked Rp 100 billion (US$14.2 million) in pretax profit in 1998,
beating the targeted Rp 86 billion.

PT Pos president Alinafiah said over the weekend the company's
total operating revenue rose by over 100 percent to Rp 1.06
trillion.

He said PT Pos, with over 27,000 employees in its nationwide
operation, was seeking to form an alliance with an airline
operator to improve its profitability.

"We have studied the costs and benefits of a possible business
alliance with an airline in Malaysia. If it is implemented, PT
Pos will have better facilities, especially for its nondocument
forwarding service," he was quoted by Antara news agency as
saying.

PT Pos currently cooperates with state-owned airline Merpati
Nusantara for domestic deliveries, and national flag carrier
Garuda Indonesia and several foreign airlines, including Japan
Airlines, for overseas deliveries.

Nondocument handling currently makes up about 25 percent of PT
Pos' annual revenue. Postal service contributes a dominating 60
percent to annual revenue. (cst)