Australia Post sees record profit, on prowl for acquisitions
Australia Post today achieved a record profit after tax of $A297 million ($US163.8 million) for the financial year 2002, as its chairman Linda Nicholls said the company was one of the best performing postal services in the world.
She said the quality of the corporation’s earnings improved markedly with underlying trading performance up by more than $A49 million ($US27.02 million).
The profit after tax was reached off total revenue of $A3.758 billion ($US2.07 billion), up from the previous year’s revenue of $A3.748 billion ($US2.07 billion).
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