Licensed Post Office News Today

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.

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Australia Post reports A$8.97bn in annual revenue - read more about this with Parcel and Postal Technology International

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Australia Post will invest an additional $16 million each year into its more than 2800-strong Licensed Post Office Network, supporting the role of Post Offices in communities across Australia and the ongoing sustainability of the Network.

Performance for the six months to 31 December 2020: Group revenue at $4.3 billion, up 15.5 per cent on last year Parcels and Services revenue: $3.4 billion, up 25.9 per cent Letters: $0.9 billion revenue, volumes down 13.6 per cent Australia Post today announced group revenue for the first half of $4.3 billion, up 15.5 per cent year-on-year and Group profit before tax at $166.6 million, including letter losses of $74.2 million. Capital investment during the period increased to $189.4 million, ...

Australia Post has announced group revenue for the first half of $4.3 billion, up 15.5 per cent year-on-year and Group profit before tax at $166.6 million, including letter losses of $74.2 million.