Strong financial year for Australian Post
Australia Post has reported its results for its financial year (FY) ending 30 June 2022. The company saw revenues of AUD 8.97 billion (USD 6.14 billion), up 8.5% compared to the FY before.
This success was driven by strong first-half parcels revenue, while in the second half e-commerce returned to normal growth rates, with operational costs increasing by 9.2% over the year.
Australia Post has invested AUD 427 million (USD 292.5 million) in new parcel facilities, fleet and technology in FY/2022.
Underlying letter volumes, excluding those related to census and federal election, went down by 4% compared to lasty year. The typical household today receives only one letter every two days, with 97% of letters sent by business or government agencies. (sh)