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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.