KUALA LUMPUR: POS MALAYSIA BHD []'s earnings rose 44.7% to RM31.3 million in the third quarter ended Sept 30, 2010 fromRM21.63 million ago on higher operating profit, revenue, and the tariff increase effective from July 1.

It said on Monday, Nov 29 that revenue rose 3.5% to RM227.4 million from RM219.7 million. Earnings per share were 5.83 sen compared with four sen. The group 3Q profit from operations was RM38.1 million, higher than the RM18.3 million a year ago.

"The significant increase in profit from operations was due to the higher revenue achieved by RM57.7 million but was partially offset by the higher operating expenses incurred by RM37.9 million," it said.

Profit before taxation increased nearly 64% or  RM17.5 million due to higher operating profit and higher write back of impairment in value of RM4 million. The increase was moderated by the decrease in other income by RM4.2 million.