Australia Post has ambitious plans to provide warehousing, logistics and assembly services for the information technology (IT) industry. The company recently signed a contract with Microsoft Australia for distribution of the Xbox video game consoles.
Read MoreIn the late 1990s, many IT gurus eagerly consigned Australia Post to the dustbin. A warhorse of the old economy, the government-owned monopoly couldn’t possibly compete with e-mail, electronic fulfilment and private high-tech mailing houses. Or so went the gurus’ mantra.
Within a few years its core business would wither and die; outlets would shut down and the gleaming, paperless world of private electronic delivery would stand supreme.
SOME rural mail deliveries could be disrupted if Australia Post changes force contractors to withdraw their service.
Australia Post is requiring people renewing mail delivery contracts to become incorporated, at a cost of up to $1500, before their tenders will be considered.
Australia Post mull corProcures future (Page 4)
Read MoreMELBOURNE, Oct 24 AAP – Australia Post today warned the present economic climate would make it difficult to maintain its current profitability as it handed its government owners $274.5 million in dividends.
According to its annual report tabled in Federal parliament today, Australia Post delivered a net profit of $274.5 million in the year to June 30, 2001, up six per cent on the previous year.
Its total payout to the Commonwealth jumped 76 per cent and comprised an ordinary dividend of $164.7 million and a special dividend of $109.8 million.
Australia Post chairman Linda Nicholls said the result was a major achievement in the face of a difficult trading environment and economic downturn.
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