New Zealand Post Group has announced an unaudited net profit after tax of NZD 21.7 million for the six months to December 2003, compared with NZD 19.6 million for the same period last year.
New Zealand Post Chief Executive John Allen said the result was ahead of expectation and included a strong performance from the International mail business and Kiwibank.
Read MoreNew Zealand Post’s revelation that it is considering selling a half-share in its courier business to German-owned DHL has prompted the interest of the country’s other big courier operator.
“If the Government is going to start selling parts of NZ Post, we’re interested in having a look,” Freightways managing director Dean Bracewell said.
Read MoreNew Zealand Post have announced that they are in discussions with the world’s leading express and logistics company, DHL regarding a possible joint venture.
The dialogue relates to New Zealand Post’s courier and logistics business, which include Courier Post, SkyRoad, Pace! and Contract Logistics.
New Zealand Post Chief Executive John Allen said the organisation are looking at opportunities to unlock the full potential of its courier and logistics business and strengthen its position in local and global markets.
Read MoreDHL’s global chief Uwe Doerken has been visiting New Zealand to rally the troops and remind competitors that the Tasman belongs to DHL. “We’re a very important player on the transtasman and we intend to keep it this way,” he said after a presentation by the company’s regional sales team in Queenstown. The Deutsche Post unit, which runs its own aircraft between Australia and New Zealand, faces increasing competition from local companies.
Read MoreThe 7000 mostly New Zealand shareholders who bought into Freightways last year are getting a bigger-than-forecast first dividend payment. The express freight company, which debuted on the NZX last September, yesterday reported a $8.5 million interim profit and will pay out $7.25 million, or 5.85c a share, as an interim dividend. Freightways has 1000 couriers across its New Zealand Courier, Castle Parcel and Poste Haste brands and will tonight load about 26 tonnes of airfreight in Auckland and 12 tonnes in Palmerston North onto dedicated aircraft. Freightways is casting aside the image of being a mature business as the power of its national network and 39.5 per cent share of the express package market, which delivers 90 per cent of its profits, becomes more apparent to investors. New Zealand Post has about 43 per cent of the market.
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