Commerce Driven Parcels News Today

Australia Post reported a loss before taxes of $200.3 million last financial year, as mounting issues in its letters business continue to threaten the national mail carriers outlook.

Australia Post today announced its full year 2023 financial year results, recording a $200 million pre-tax loss, its second since it became a self-funded Government Business Enterprise (GBE) in 1989. Further losses are expected unless Australia Post can secure the necessary support required to modernise its business.