New Zealand Post Annual Report – Financial Statement 2006
New Zealand Post Annual Report – Financial Statement 2006
Read MoreTag: New Zealand
What price memories?
With prices for printing digital holiday snaps varying from 15c to $1.20, it can be difficult for consumers to know if they’re getting a good deal.
Maryanne Dransfield, New Zealand director of the Photo Marketing Association, said there were “well in excess of 2000” photo kiosks across the country, a result of the growing popularity of digital cameras and photo-capable phones. There was no indication demand would slow, with sales of digital cameras increasing by around 20 per cent a year.
In comparison, fewer than 100 non-digital cameras were sold in May.
Appliance retailers such as Noel Leeming and Harvey Norman have automated in-store photo kiosks, allowing customers to print their own pictures from a disc or memory stick.
Prices at automated kiosks start around 60c, although competition between retailers in the bigger cities can mean prices vary considerably.
Photo labs – which use processor-operated machines – and online services are the cheapest, some charging just 15c for a standard-sized print.
Most kiosks allow customers to crop, enhance and alter photographs before printing, a service not all online stores offer. The technology is similar to the larger mini-labs favoured by specialist photographic stores, so quality should be reasonably high.
DHL boosts regional operations with appointment of senior marketing professionals
DHL Express Middle East today announced the appointment of two senior marketing professionals to further strengthen the company’s position as the region’s leading express and logistics provider.
Fiona Taag has been brought in to oversee the regional marketing strategies as Area Marketing Manager. Taag was previously the National Marketing Manager at DHL Express New Zealand, where she was involved in the DHL domestic joint venture with New Zealand Post, under the umbrella of Express Couriers Ltd. In addition, Taag was responsible for managing DHL’s title sponsorship of the DHL New Zealand Lions Series 2005 – a tour of New Zealand by the British & Irish Lions rugby team.
A New Zealand national also with British citizenship, Taag has a Master in International Marketing from the University of Waikato in New Zealand, and is based at DHL’s regional hub in Bahrain.
Elliot Santon has also joined DHL’s regional marketing team as UAE Marketing Manager.
Brought in from the UK, Santon has 10 years experience in UK-based advertising, branding and marketing agencies covering all disciplines of through-the-line communications. Having developed strategies for many well known global brands such as Vodafone, CocaCola and Tesco, including some UK high-street brands in the retail and leisure industries, Santon is well placed to handle UAE marketing requirements for the global express and logistics leader.
Read MoreNew Zealand Post and Salmat propose joint venture in unaddressed mail distribution
New Zealand Post Limited and Salmat Limited announced today that they are working on a proposal for a joint venture business in unaddressed mail distribution within New Zealand.
Subject to clearance by the Commerce Commission and other conditions, New Zealand Post and Salmat propose merging the businesses of their respective unaddressed mail subsidiaries, Letterbox Channel Limited and Deltarg Distribution Systems Limited.
New Zealand Post and Salmat will today file an application with the Commerce Commission for clearance to become equal 50 pct shareholders in a new joint venture company that would acquire the businesses of Letterbox Channel and Deltarg.
The proposed joint venture would combine the current strengths of Letterbox Channel and Deltarg while realising a number of operating efficiencies and network synergies. The proposed company would continue to provide an excellent, economic service to current customers of Letterbox Channel and Deltarg, while being better positioned to compete strongly for a share of overall media advertising spend in New Zealand.
New Zealand Post’s Group Manager, Enterprises, Stephen Henry, and Salmat’s Divisional Director, Targeted Media, Peter Boyle said the proposed joint venture company would have estimated revenue of between NZ$ 40-50 million in its first full year of operation.
They said New Zealand Post and Salmat proposed contributing the assets of Letterbox Channel and Deltarg respectively to the proposed joint venture company in acquisition of their 50 pct shareholdings. Independent assessment and discussion between the parties had determined that the two businesses were of comparable value. The shareholders would share in the joint venture establishment costs and initial working capital requirements.
Mr Henry and Mr Boyle said Letterbox Channel and Deltarg would continue operating separately and in competition pending the Commission’s decision on the clearance application and final decisions to be made by New Zealand Post and Salmat.
Read MoreFreightways achieves record results
New Zealand express and freight transport group Freightways said it achieved record revenues and earnings for the year ending June 30, 2007, despite a challenging marketplace.
The company reported that consolidated operating revenue for the year rose to NZ$283 million (EUR 156 million), up 10% on the prior corresponding period, with earnings before interest, tax, depreciation and amortisation (EBITDA) of NZ$62.9 million (EUR 34.67 million), 8% ahead of the previous year.
Cash generated from operations for the year before interest and tax also reached a record NZ$62.3 million (EUR 34.34 million), while consolidated net profit after tax and before amortisation (NPATA) of NZ$30.9 million (EUR 17.03 million), was 6% higher than the prior corresponding period.
Managing Director Dean Bracewell said: “It was an eventful 12 months for Freightways in which it has performed soundly in New Zealand, established a firm presence in Australia and delivered another record result.”
The core express package brands of New Zealand Couriers, Post Haste Couriers, Castle Parcels, SUB60, Security Express and Kiwi Express again contributed the majority of the group’s revenue and earnings. The internal linehaul providers, Fieldair Holdings and Parceline Express continued to provide a seamless and efficient air and road linehaul service, respectively, the company noted.
The express businesses continued to invest in areas that further enhance their competitive advantages and where additional capacity will be required to accommodate future growth, Freightways said. This included the relocation of all Freightways businesses operating in Hamilton into a purpose-built facility to service the growing Waikato and Bay of Plenty regions.
DX Mail, a nationwide business mail competitor to NZ Post, continued its growth, accelerated by the acquisition of the franchisor rights of the Pete’s Post mail delivery business in December 2006.
Looking forward, Bracewell said that Freightways’ performance in the short term “will continue to be influenced by the challenging New Zealand marketplace. Medium to longer term and subject to factors beyond our control, Freightways is exceptionally well positioned in all aspects of its business to continue to achieve positive outcomes for shareholders and other stakeholders.”
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