NZ Post has announced a half year result of a net profit after tax of $31 million, due in part to a record-breaking Christmas delivery season for parcels. This compares with a $7 million profit for the same period the previous year.
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NZ Post have reported a net profit after tax of $13 million for the 12 months to 30 June 2018 (FY 2018). This represents a year-on-year decline of $14 million on the FY 2017 result for continuing operations.
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New Zealand Post has announced the completion of the partial sale of Kiwibank’s holding company Kiwi Group Holdings Limited (KGHL) to the NZ Super Fund and the Accident Compensation Corporation (ACC).
Read MoreNew Zealand Post has announced its sending deadlines and delivery dates for the Christmas holiday period.
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New Zealand Post has agreed the key commercial terms with the New Zealand Superannuation Fund and the Accident Compensation Corporation (ACC) to become joint owners of the Kiwibank holding company.
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