New Zealand Post net profit fell

New Zealand Post recently issued by the end of 2013 6 covering 12 months of financial performance, data shows, compared with the same period last year, mail decreased to 7.5%. New Zealand Post net profit fell 29%, to $121000000 in New Zealand, but the results were affected by the one-time cost. The company said, potential business grew 41%, to $111000000 in new zealand.
Because of the volume of mail in 2013 New Zealand reduces 63000000, resulting in the postal business revenue fell 30000000 New Zealand dollars.
New Zealand Post increasingly rely on their financial business, to cope with declining its core mail business, compared with the same period last year, Kiwibank bank assisted the group revenue growth of nearly 29%, to $1690000000 in new zealand.
Cost cutting measures to achieve balance of payments help the mail service, but excluding one-time costs such as depreciation expense, postal assets NZ $30600000, including closing mail processing center.
New Zealand Post CEO said, the company will continue to face the new situation in the traditional letter business and stores network repair. Therefore, change is inevitable, the company needs to design and implement a new service model, in order to ensure the sustainable economic growth in the future and the ideal capital gains.
MYEX Minya Express International
2013-09-26