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Strong financial year for Australian Post
Photo: 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)