Tag: New Zealand Post

New Zealand Post plans for online market

Posted by | Nov 20, 2006 | |

New Zealand Post plans to develop an online marketplace to help small and medium-sized enterprises export goods and services online, with possible financial backing from the Government.

It intends to set up a website to let businesses deal directly with overseas consumers, while handling shipping, logistics and the processing of international payments for them. Spokeswoman Fiona Mayo says a decision on whether the proposal will go ahead could be made next month, after which NZ Post may approach the Government for help.

However, the service is unlikely to be available for about a year. ”It will be a public-private partnership, but it needs to be approved from our end before any government funding comes our way.”

Ms Mayo says the cost has not yet been worked out, but NZ Post has already invested a lot of time in the plan. ”We have designed what we want to do, but we haven’t taken it beyond that at this stage. It certainly would be a first for New Zealand.”

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Post Group achieves solid profit in challenging year

Posted by | Sep 12, 2006 | |

The New Zealand Post Group has announced a net after-tax profit of USD68.7 million for the year ended 30 June 2006.

Chief Executive John Allen says the result, in a “challenging business environment”, was a solid improvement of 17% on the previous year’s comparative result of USD58.6 million (excluding the gain of the partial divestment of Express Couriers Limited (ECL) in 2005).

“Rising fuel prices, a tight labour market, increasing competition in key market segments and continuing changes in the way customers use our letter services have combined to make this a challenging year for the New Zealand Post Group.

“The financial result reflects the efforts of people throughout the business to respond to our changing customer requirements, work to contain costs, and identify and pursue strategic opportunities for growth.”

Mr Allen says the Group’s diversification strategy is proving effective with strong performances from Kiwibank, Datamail Group and international postal business.

“Kiwibank performed particularly well, more than doubling its after tax profit to USD15.8 million from USD7.2 million in 2004/05. This result was driven by growth in Kiwibank customer numbers, home loans and deposits.”

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USD 68.7m profit reported by NZ Post

Posted by | Sep 12, 2006 | |

New Zealand Post on Tuesday posted a net annual profit of USD 68.7 million – 17% up on last year’s result.

The state-owned enterprise says challenges during the year included: rising fuel prices, a tight labour market, tough competition and changes in letter services.

Chief executive John Allen says Kiwibank, which announced last week it had made almost USD 16m, was the star performer for the group, .

However, that result is not factored into the Government’s dividend, which this year will be USD 27.7m.

New Zealand Post says its diversification strategy is reaping rewards, with the Datamail Group and its international postal business, as well as Kiwibank, all performing strongly in its annual result.

Mr Allen says the result has been achieved in a challenging business environment.

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Big job losses likely at NZ Post

Posted by | Jun 1, 2006 | |

New Zealand Post’s new post-code system will cost businesses up to NZD3000 a year and will potentially axe hundreds of mail workers’ jobs. The state-owned postal service will today start sending mailers to every household, rural address and post office box informing them of their new four-digit postcode. The codes, which divide the country into 1800 zones, start with 0 in Northland and 9 in the deep south, and will replace the existing, little used codes. New Zealand Post used to provide business with free access to its existing mailing database, which helps to make mail delivery more accurate and efficient. Under the new system, however, business wanting the information to apply to their bulk-mail list will have to pay NZD1000 a year, or NZD3000 if the information is used to produce a resaleable data-base. Businesses that did not include the new codes in their mail-outs would not receive a bulk-mail discount.

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