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PT Pos will boost logistics business for future growth
State-owned postal company PT Pos Indonesia will focus on developing its logistics and financial payment services to offset the steady decline of revenue from the company’s standard postal business over the last eight years due to the rise of email, the company says
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tate-owned postal company PT Pos Indonesia will focus on developing its logistics and financial payment services to offset the steady decline of revenue from the company’s standard postal business over the last eight years due to the rise of email, the company says.
GNP Sugiarta Yasa, the company’s senior executive, said in Jakarta on Sunday that PT Pos’ logistics service had seen revenue grow sharply in recent years in line with the growth of the country’s economy.
With the expansion in the logistics service, PT Pos hopes it can survive and maintain a healthy growth, he said, adding that the national logistics service, which had a total sales turnover of about Rp 75 trillion (US$8.4 billion) a year, was quite promising for the future growth of the company.
Sugiarta, the head of the company’s operations for Greater Jakarta and Banten, said that in order to be able to compete with other logistics companies, PT Post had incorporated modern technology in its delivery business such as online search and trace technology that enabled customers to track their mail.
“We have to be able to compete with at least 300 courier companies in the country if we want to succeed in this business,” he said.
He said PT Pos would also continue to expand its financial payment services in order to be able offset the drop in revenue from the postal services, especially individual mail, which had declined significantly in recent years as people preferred to send emails to communicate with friends and relatives.
Sugiarta said that due to this change in public demand, the company was now focusing on corporate mailing services, such as delivering billing statements to customers.
Logistics services, according to Sugiarta, were expected to contribute between Rp 500 to 700 billion to the company’s revenue target of Rp 3 trillion this year. Mail and financial services are projected to bring in Rp 1.7 trillion and Rp 1 trillion, respectively.
This year, the company expects to book Rp 170 billion in net profit, a significant increase from Rp 80 billion in net profit in 2009.
PT Pos booked losses in six consecutive years between 2003 and 2008. (lnd)
