Tag: Australia Post

Australia Post delivers

Posted by | Oct 19, 2006 | |

Fired by solid growth in its parcels and logistics business, Australia Post generated a record net profit of AUD367.9 million in the 12 months to the end of June. While the bottom line is 7.8 per cent up on the 2005 performance of AUD341.3 million, the board of the state-owned corporation has declared a lower final dividend to be paid to the Federal Government.
According to a note in the annual accounts, AP will pay the Government a final dividend of AUD140.8 million — AUD15 million lower than the 2005 distribution.
The result was founded on a big increase in total sales revenue which eclipsed AUD4.5 billion for the first time. AP is now one of the most profitable postal enterprises in the world, generating an annual return on equity of almost 19 per cent. A joint-venture logistics business with China Post is expected to boost returns from Post Logistics over the next five years.

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New Australia Post Chairman and Board Reappointment

Posted by | Sep 11, 2006 | |

The Minister for Communications, Information Technology and the Arts, Senator Helen Coonan, and the Minister for Finance and Administration, Senator Nick Minchin, today welcomed the appointment of Mr David Mortimer, AO, as Chair of the Board of the Australian Postal Corporation and the reappointment of Mark Birrell as a Board member.

In November 1996, Mr Mortimer was appointed by the Federal Government to conduct a review of business programs which resulted in the ‘Mortimer Report’. He is a former Managing Director and Chief Executive Officer of TNT Asia Pacific Region and Chairman of the Defence Procurement Advisory Board.

In 2005, Mr Mortimer was appointed as an Officer of the Order of Australia for service to business and commerce through innovative and visionary leadership, as an adviser to government, and to the community.

The appointment will be for a period of three years from 12 September 2006.

The former Chair of the Board, Ms Linda Nicholls, announced her retirement earlier this year. Ms Nicholls has made an outstanding contribution to the Board of Australia Post throughout the 18 years she has served as Commissioner, Director and Chairman, a position she has held since 1997.

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Heads from six postal services gather

Posted by | Jul 25, 2006 | |

Senior executives from six postal administrations in the Asia-Pacific region will today wrap up their three-day meeting held at Seoul’s Shilla Hotel, the meeting’s organizer Korea Post said yesterday.
Participants of the fourth annual Kahala Posts Group CEO/BOD Joint Meetings discussed the current status and future prospects of “express mail services,” or EMS, and the implementation of the Kahala Initiative, the state-run postal service said.

Participants include Tam Wing-pong, postmaster general of Hong Kong Post; Toshihiro Takahashi, senior executive vice president for Japan Post; Hwang Joong-yon, inspector general of Korea Post; Ma Jun Sheng, vice director-general of the Chinese State Postal Bureau; Graeme John, managing director of Australia Post; and Paul Vogel, vice president for network operations management in the U.S. Postal Service. Adam Crozier of the U.K.’s Royal Mail, which will soon likely join the Kahala membership, also attended the meeting.

The Kahala Initiative refers to an integrated postal service network among six member countries including Korea, the United States, Japan, China, Australia and Hong Kong, to enhance the quality and competitiveness of EMS.

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E-billing plan for Australia Post

Posted by | Jun 7, 2006 | |

Australia Post recorded a AD56.9m downturn in profits from mail deliveries in 2005. This side of its business contributed AD.6bn of the group’s total revenue of AD4.3bn for the year. Australia Post proposes to arrest its declining profits by introducing an electronic billing system, which will provide companies with an alternative to mailing traditional paper-based bills to clients. Profile Marketing estimates that Australian companies spend AD50m to AD150m a week on sending out paper bills. The electronic system would charge businesses AD0.50 to send each bill.

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Australia Post gets the electronic message

Posted by | Oct 18, 2005 | |

In a bid to counteract a drop in postal services, Australia Post is entering the digital marketplace. In 2004-05, profit from letters fell $A56.9 million, but the company is making solid gains elsewhere. It established electronic and SMS notification services for postal box holders, is researching how to use radio frequency identification (RFID) technology in the domestic marketplace and has recorded strong growth in its Electronic Data Interchange Post service, which prints, envelopes and delivers letters for bulk mail customers.

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