MaltaPost shall continue to leverage on and maximise the business potential of its infrastructure, brand and expertise. It also remains well positioned to proceed with its diversification strategy.

We shall continue providing a Letter Mail service as part of our Universal Service Obligation even though volumes are declining, thus impacting the financial viability of this service. We believe that our efforts to develop new revenue streams, particularly in logistics and related support services, will adequately compensate for the negative impact of the Letter Mail Service.

These operational areas are driven by our continued growth in e-commerce via initiatives such as our SendOn and our e-fulfillment services.

The Directors are confident that the positive trend will continue throughout the financial year and look forward to continued healthy growth in business activity.

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Source: MaltaPost