Maltapost said today that it is in line for increased profit thanks to volume growth in its international mail services, registered mail, parcel and packets business which remain the main contributors to an increase in turnover.
In a company statement on its performance in the second quarter, the company said the revision of certain tariffs with effect from January also contributed towards mitigating part of the impact of decreasing letter mail volumes. Higher direct mail costs and depreciation were mitigated by write-backs of certain operational expenses, which may not be repeated in the latter part of the year.
It said the management was mindful of maintaining a sustainable Universal Service while seeking to continue diversifying the company’s business to embrace various opportunities that e-commerce provides.
"Looking forward, the directors are confident that the company will register an improved profit for the year ending 30 September 2015," the company said.