New Zealand Post good performance to internal operation adjustment

Based on the performance of the bank and the disposable financial project drives the annual profit rises substantially, New Zealand Post announced plans to expand the express and logistics business, restructuring declining performance mail business.
The 2011-2012 fiscal year New Zealand Post main performance is: Kewei bank rebound performance; acquisition of joint-stock express and logistics company ECL50% shares, realizing disposable cash income; postal service revenue.
As of June 30, 2012, the New Zealand Post Group net profit of NZ $169700000, and net loss for the year 35600000 New Zealand yuan. Excluding one-time adjustment project, the group net profit from the year of 41700000 New Zealand yuan to NZ $79800000; the total income growth, from NZ $1270000000 to 1300000000 New Zealand yuan.
New Zealand Post said, earning gratifying, growth of the main driving force comes from the strength of bank performance improved significantly, and the acquisition of the express delivery company ECL acquired 96200000 New Zealand yuan income.
Kewei bank is the New Zealand Post Group under the banking subsidiary. The bank 2011-2012 money year implementation profit after tax of 79100000 New Zealand yuan, than last year 21200000 New Zealand dollars are improved obviously.
New Zealand Post says, last year group letter business declined 54000000, letter service revenue fell 17000000 New Zealand yuan. The postal business group benefited from the product and the service improvement, fine cost management and operation mode of continuous improvement. But the traditional core business business volume and revenue continued to decline. This means that the group must radically reform.
Two years ago the board to implement business strategy has gained further development include: establishing a sustainable real networks, to provide excellent customer experience, foster Kewei bank and create digital future.
At present, New Zealand Post has a 100% stake in express logistics companies, from the package and logistics market growth benefit. The group has been committed to new financial and postal service, self-service kiosks and store design and test research, and has basically completed the adverse non core business adjustments, so that in the domestic financial, postal and digital services on investment.
In 2012 June, New Zealand Post to NZ $108000000 acquisition of the equity joint venture ECL50%. Considering the parcel and courier business growth, the strategic acquisition is implementation New Zealand postal strategy important step, can make the whole business to better meet customers changing needs and expectations.
At present, New Zealand Post actively urged the government with the business structure of revision of the national postal service legislation, in order to better adapt to the current market conditions, and the future make reasonable planning.
MYEX Fujian Asia International Express
2012-11-29