Tag: New Zealand Post

New Zealand Post Group records NZD 38.2 million half-year profit

Posted by | Mar 22, 2007 | |

The New Zealand Post Group has reported an unaudited after-tax profit of NZD 38.2 million for the six months to 31 December 2006 – up 10% on the NZD 34.7 million profit for the same period in 2005.

Operating revenue for the half year was NZD 616.7 million (2005: NZD 565.4 million) and operating expenditure NZD 561.9 million (2005: NZD 515.9 million).

The company will return an interim dividend of NZD 20.3 million (2005: NZD 16.7 million) to the Government shareholder.

New Zealand Post Group Chief Executive John Allen said the result was largely driven by the continued strong performance of Kiwibank and Express Couriers Limited (ECL) – the 50% owned joint venture that was formed with DHL in 2005.

“New services like the Prezzy Card launched in PostShops in November, mobile banking through Kiwibank and our Real Aotearoa stores which stock collectables and stamps alongside quality New Zealand souvenirs are just some of the new ways we’ve continued to diversify our offerings over the past six months,” explained Mr Allen.

“In addition, New Zealanders are continuing to be attracted to a genuinely New Zealand-owned bank. Kiwis are thinking as much with their heads as their hearts – they are going after innovation, low rates, accessibility and quality of service,” Mr Allen said.

During the period, Kiwibank more than doubled its after-tax profit to NZD 11.4 million – compared to NZD 5.4 million for the same period in 2005. Mr Allen said more than 500,000 customers have now joined the bank.

Within the Postal Services business, the amount of domestic mail sent continues to decrease – down 2.9% in the six months – but this has partly been offset by growth in parcels. International mail items continue to grow.

Mr Allen said the company expects strong competition across all parts of the business and ongoing pressure on mail volumes in the next six months.

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NZ Post Profit Up, Cheaper Stamps Possible

Posted by | Mar 15, 2007 | |

New Zealand Post says its half-year profit is up 10 percent for the six months to December.

The state-owned postal operator says the rise in profit to $38.2 million is underpinned by the strong success of Kiwibank and a joint venture, Express Couriers.

NZ Post chief executive John Allen says Kiwibank has doubled its after-tax profit to NZD11.4m – up from NZD5.4m for the same period in 2005.

Mr Allen says domestic postal services continue to fall steeply and are down by 2.9 percent, but international mail items continue to grow. He says the company continues to promote the use of postal services.

Mr Allen says the company is confident it will deliver continuing growth for the rest of the financial year.

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Letterbox posted on TradeMe

Posted by | Jan 29, 2007 | |

A letterbox from the “mean streets of Hamilton” has been listed for sale on TradeMe following New Zealand Post suspending delivery to three Fairfield streets.

A message on the auction website from seller “Maxduck” said because NZ Post “is too scared to deliver, we no longer have a use for our letterbox”.

NZ Post announced a temporary ban on mail delivery to Tennyson Rd, Emerson Pl and Dryden Rd on Friday following gang violence.

NZ Post spokeswoman Fiona Mayo said it wouldn’t be acting as a responsible employer if it insisted on mail delivery in areas of potential violence. She said the ban would be reviewed tomorrow.

“Maxduck” said the letterbox was still in good condition, had survived a couple of tags, ash from the Ruapehu volcanic eruption and “more recently the well-publicised `gun battle’ of Hamilton”.

Ms Mayo said the seller obviously “has a good sense of humour”, adding most residents had been understanding of the ban.

By this morning there had been no bids past the letterbox’s $20 reserve. — Belinda Feek

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Tis a jolly good season for NZ Post

Posted by | Dec 22, 2006 | |

Santa’s sack is groaning with a record number of presents flying around the country for the delivery on Sunday night.

Parcel deliveries at New Zealand Post are up by 13 per cent on last year as the Christmas season enters overdrive.

Monday had the biggest volume of packages for the year, at about 160,000 out of 5.3 million mail deliveries.

“It’s an exceedingly significant increase,” New Zealand Post spokesman Richard McLean said. Mail volumes this year had hit record highs in some towns compared with previous Christmas periods, and nobody was reporting a decline in mail traffic.

Even after adding extra delivery trucks between Wellington and Auckland, New Zealand Post’s resources were stretched, he said.

“The system is at absolutely full capacity at the moment.”

Posties were delivering well over five million pieces of mail each day. “This week is one of those weeks where the mail just keeps flowing and flowing.”

The higher-than-normal volumes were probably the result of Christmas shoppers filling stockings via the Internet, Mr McLean said.

“Even apart from the Trade Me phenomenon, everyone is getting into the online shopping thing, and it all has to be transported somehow.”

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Competition for postal dollar delivered

Posted by | Dec 20, 2006 | |

Freightways says its purchase of the franchisor rights of small mail service Pete’s Post will expand the business from the main cities and ramp up competition against NZ Post.
Freightways’ postal service, DX Mail, said it bought the mail delivery businesses of Pete’s Post in Taranaki, Manawatu, Wanganui, Hawkes Bay and Bay of Plenty for NZD1.3 million.
Purchase of mail service expands alternative to NZ Post from cities into the regions
Freightways managing director Dean Bracewell said the purchase would allow the company’s DX Mail service to expand from the cities to the regional centres of New Zealand and increase competitive pressure on NZ Post.
Pete’s Post business complemented DX Mail which operated in all major towns and cities in New Zealand and had street-delivery services in Christchurch, Hamilton and Wellington, said Bracewell.
Freightways has forecast that the Pete’s Post arm would deliver operating earnings of about NZD500,000 over the next 12 months.

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