Australia Post has increased its annual net profit despite the impact of electronic mail. Profit-after-tax for Australia Post lifted by AUSD40 million to AUSD371 million and AUSD221 million of that will be returned to the Commonwealth as a dividend. Managing director Graeme John says letter volumes were up by 1 per cent on last year despite the high use of email, and direct mail volumes increased by 5 per cent.
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