Tag: New Zealand

New Zealand Post’s after-tax profit rose 34.7 per cent to USD36.5 million in its June year, from the previous 12 months, its biggest lift in 10 years.

NZ Post’s turnover also passed the USD1 billion mark for the first time, up USD74.4m to USD1.05b.

The result was achieved on the back of a turnaround in the express courier business and a strong performance from the international mail business. Kiwibank’s performance was also up on expectations.

Letter volumes fell 2.3percent, compared with a trend of about a 1percent decline a year in the last few years.

Negotiations over a key joint venture with German logistics company DHL appear to have hit a snag with an announcement delayed by six months to the end of this year.

New Zealand Post is reviewing the future of the country’s postcodes — used to help with the computer-assisted sorting of mail.

It is evaluating “two or three options” for the future of the addressing system and aims to consult widely over the next few months, spokesman Iain Long said.

NZ Post has asked companies involved in the GIS (geographical information systems) business for their views but was reluctant to discuss possible options.

NZ Post is reviewing the future of the country’s postcode system, used to help with the computer-assisted sorting of mail.

It is evaluating “two or three options” for the future of the addressing system, says spokesman Iain Long, and aims to consult widely over the course of the next few months.

NZ Post has asked companies involved in the GIS (geographical information systems) business for their views, but is reluctant at the moment to discuss the possible options.

Address manager Stuart McKenzie accepts NZ Post doesn’t exploit the potential of postcodes as heavily as overseas postal operators do in countries such Britain.