New Zealand Post cost cutting drive profit growth

Recently, New Zealand Post published semi annual report (until December 31, 2013). The report shows, the company through spending cuts have made positive progress in reducing costs. The company's after tax profit of $71000000, $60000000 in the same period last year. The interim dividend of $2500000, flat with the first half year.
Chief executive Brian Roche said, the profit increase is mainly due to the reduced consumption of $32000000 of savings, which offset the company $12000000 in revenue decreased to a great extent. The new strategic decision implementation has produced a good effect. Future, the company will continue to reduce the cost, increase the new profit income, to meet the changing needs of customers through the development of new service mode.
New Zealand Post plan in the next three to five years, decreased by looking for low cost way of working to deal with the postal service, in order to realize the logistics, parcel, financial services and new products are constantly growing.
Brian Roche also said, deal with parcels and logistics business growth is a pressing matter of the moment. The company's top priority is from the domestic and international e-commerce package delivery access to development opportunities in the market, because these businesses create new products and win customers.
New Zealand Post will continue to invest in Kiwibank, to support its profit growth. This includes providing different types of products, such as insurance and fund management.
MYEX Minya Express International
2014-03-11