by Proactive Investors
TZ Limited is poised for further revenue growth with the receipt of a formal letter of award for the supply, installation and support of electronic parcel lockers for Pos Malaysia Berhad.
TZL expects to have entered into the formal supply agreement within the next thirty (30) days with Pos Malaysia. The award is conditional on Pos Malaysia Berhad and TZL entering into a formal contract of supply by 1 December 2014.
The win follows on similar orders from other postal service providers in South East Asia including Singapore Post and Pos Indonesia. Pos Malaysia is the sole postal services provider in Malaysia with over 1,000 touch points across Malaysia and also delivers to 255 destinations worldwide.
“This win cements our position as the leading supplier of Parcel Locker Solutions to Postal Organisations in the SE Asian Region,” executive director Kenneth Ting said.
“As the supplier of parcel locker solutions to Singapore Post, Pos Indonesia and now Pos Malaysia, TZ technology is primed to underpin the development of a significant regional parcel locker and logistics network.”
Pos Malaysia is the sole postal services provider in Malaysia, offering convenience and solutions through a myriad of services which include mail, retail, financial, logistics and courier. Its courier and logistics services are handled by PosLaju, Malaysia’s leading domestic courier services provider.
Pos Malaysia has over 1,000 touch points comprising 704 post offices, 264 Pos Mini outlets, 68 PosLaju branches, 28 Pos-on-Wheels, 13 PosLaju Service Centres, 6 PosLaju Kiosks, 4 PosLaju Go2U mobile kiosk, Pos24 and more than 100 Authorized Agents.
It also delivers to 255 destinations worldwide through Express Mail Services and has a dedicated international hub providing integrated links via land, sea and air, making Pos Malaysia the largest domestic delivery network connecting Malaysia and beyond.
Pos Malaysia reported revenue of 1.27 billion ringgit (A$440 million), EBITDA of 246.1 million ringgit and profit after tax of 151.3 million ringgit for the 2012/2013 financial year.