Tag: New Zealand

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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NZ express group Freightways records strong half-year result

Posted by | Feb 8, 2007 | |

Freightways Ltd, the New Zealand express and freight transport group, has announced that it achieved record revenues and earnings for the half year ended 31 December 2006, in spite of the challenging business environment.

Consolidated operating revenue of $144 million (EUR 75.9 million) for the half year was 11% higher than for the corresponding period 12 months ago, with earnings before interest, tax, depreciation and amortisation (EBITDA) of $33 million up by 6% over the same period. Consolidated net profit after tax and before amortisation of $16.5 million for the half year was 3% higher than the previous corresponding period.

Managing director Dean Bracewell commented: “The half year result reflects another strong period for Freightways that has continued to deliver upon its strategy.” As a result, Freightways has declared a dividend of $11.6 million reflecting this sound interim result which translates to 9.0 cents per share fully imputed to be paid on 31 March 2007.

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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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Beatles stamps to be made available online in New Zealand

Posted by | Jan 15, 2007 | |

Several hundred sets of the Beatles stamps that were popular when released in Britain recently will soon be available online in New Zealand.

New Zealand Post’s stamps general manager Ivor Masters said the company had secured an initial supply of the stamps, which include the covers of Abbey Road, Sgt Pepper’s Lonely Hearts Club Band and Let it Be.

Mr Masters said the stamps were likely to be as popular here as they have been in Britain.

He said supply was limited, but more would be ordered from Royal Mail if need be.

Royal Mail said the stamps had been particularly popular in the United States, Canada and Japan and predicted they would be its biggest selling issue ever internationally.

The prices ranged from NZD3.40 for a miniature sheet to NZD13.40 for a presentation pack.

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