Landmark agreement enables Australia Post to continue to provide banking services
The Commonwealth Bank of Australia (CBA) has signed a five-year commitment to support critical investment in Australia Post’s Bank@Post service.
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Australia Post profit up 41% since 2017
Australia Post has announced a full-year profit after tax of $134 million, up 41 per cent on FY17. This result was largely driven by substantial growth in parcel revenues and a continued focus on efficiency gains.
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Australia Post contributed $6 billion to the national economy last year
A report, out today by Deloitte, has found that Australia Post facilitates 82 per cent of Australia’s booming $14 billion eCommerce market and that 80 per cent of Australians see no convenient alternative for receiving parcels other than through the post office.
Read MoreAustralia Post reports $197m half-year profit
On the same day that its Managing Director and Group CEO Ahmed Fahour announced his resignation, Australia Post has reported a profit before tax of $197m for the six months ended 31 December 2016.
Read MoreAustralia Post responds to media coverage of CEO’s remuneration
Australia Post has responded to the media coverage regarding CEO Ahmed Fahour’s remuneration package.
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Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.