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Mountaineer@aussie.zone to Australia@aussie.zoneEnglish · 2 years ago

Australia Post reports $200m annual loss, its first since 2015, amid push to close city branches

www.theguardian.com

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Australia Post reports $200m annual loss, its first since 2015, amid push to close city branches

www.theguardian.com

Mountaineer@aussie.zone to Australia@aussie.zoneEnglish · 2 years ago
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Postal service also calls for stamp price increase as it warns its letters business lost $189.7m in first half of 2022-23
  • Oliver Lowe@lemmy.sdf.org
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    2 years ago

    Given such an essential service, I personally don’t think it’s important they are turning a profit. But is it run efficiently? I have no idea and this article doesn’t really go into it. Had a quick search and found Australia Post’s Efficiency of Delivering Reserved Letter Services. Haven’t read it in full yet but first glance looks interesting.

    And from some quick digging, I found that every year their revenue increases:

    2022 $8864M
    2021 $8208M
    2020 $7499M
    2019 $6990M
    2018 $6877M
    

    From their annual reports page: https://auspost.com.au/about-us/news-media/publications#annual

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