Strikes, lockout turn Canada Post profits into losses in Q2
June’s strikes and the national lockout at Canada Post cost the Corporation $167m, according to its the latest financial results, out today.
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Austrian Post achieves 70% boost in earnings
Austrian Post said today it’s “on the right track”, after recording an 11% growth in earnings before tax and a 2.9% increase in overall revenues for the first half of this year.
Read MoreCanada Post maintains profitability as volumes decline 2%
Canada Post released its delayed annual report for the 2010 year yesterday, revealing a 27% drop in earnings in its core business compared to 2009, though profitability was maintained in difficult circumstances.
Read MoreRussian Post boosted by parcels and express growth
Russian Post has seen its net profits for the first half of the year increase by more than 20 times, though the figures are affected by “peculiarities” in this year’s financial services results.
Read MoreE-commerce parcels help Czech Post avoid a loss
Czech Post has reported a “positive” first half of 2011, achieving a small profit despite declining volumes in the traditional letter segment.
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