Australia Post revenues leap by 10.4%

In the first half of the financial year, Australia Post reports revenues up 10.4% to AUD 4.8 billion (£2.56 billion), of which parcel revenues accounted for AUD 3.87bn (£2.06bn), up 13.6% on the year before. Profits also grew to $199.8m (£106.55m)

Letters revenues fell by 1.2% to AUD 935 million (£498.61m) on a volume drop of 0.7%

Group Chief Executive Officer and Managing Director, Paul Graham, said “Just like many businesses around the country, we have dealt with unprecedented challenges over the past year, but the ability of our people to adapt during ongoing challenges presented by the COVID-19 pandemic has been nothing short of remarkable,” Mr Graham said.  

“Together, we worked tirelessly to manage the health and wellbeing of our people, with isolation rules and travel restrictions across different states and territories all carrying different challenges – while our people remained resilient and delivered for our communities. 

“I want to thank all of our people for the spirit they’ve shown and their willingness to get the job done for our customers. It is a credit to all of our team members in processing, delivery, customer service, our Post Offices (including Licensed Post Offices) as well as our contractor partners. 

“Our retail network of more than 4,300 Post Offices continues to provide critical government and financial services, particularly in rural and remote Australia, where Bank@Post remains an invaluable service for communities.

“We had 112 million visits to our corporate and Licensed Post Offices across the country in the first half, with 20 million visits alone in December.”

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