Thailand Post reports profit increase
Thailand Post has reported that its profit and revenue for the first half of 2015 were 1.3bn baht and 11bn baht respectively. While the revenue total was just 1% up on the same period last year, profits had risen by 10% on the back of a strong performance in parcels and a surge in e-commerce activity.
Piyawat Mahapauraya, deputy president of Thailand Post, announced the results last week – and also used the occasion to unveil a new initiative aimed at combating the problem of lost or damaged parcels.
Thailand Post will be launching a pilot service at 17 post offices in Bangkok, whereby customers will buy “shockproof” packaging and have their parcel registered as “Checked” at the service point. Thailand Post will guarantee a payout of 1.5 times the value of a parcel if it is found to be damaged during the delivery process (up to a maximum of 3,000 baht per parcel).
Local sources also report that Thailand Post will also be changing its parcel handing process: instead of putting them in bags, the postal company will be using “secure boxes”.
