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Australia Post last year sent the letter service revenue fell sharply

2014-09-19    Font Size : Big  |  Default  |  Small

According to the "Sydney Morning Herald" reported on September 4th, Australia Post (Australia Post) announced in September 4th, dropped sharply last year income.
Australia Post said, the next few years will likely continue to bear the loss of pressure, mainly due to the traditional sent a letter business. The low margin service network will total revenue last fiscal year down to 116200000 yuan, down 34.5% year-on-year, wherein the losses amounted to 328400000 yuan.
Australia Post in the second half of the fiscal year 2014 for the first time since the establishment of the net losses, amounting to 105900000 yuan. Its annual pre tax income is 518600000 yuan, a year-on-year rise over 10%; total revenue increased 8.3% to reach 6383000000 yuan. Australia Post chief executive Fareed orr said, companies that want to continue operation need rectification, because the government commissioned the preparation of the report predicts businesses will be sent a letter business and the cumulative loss of 12100000000 yuan. "The last fiscal year of the parcel business earnings growth again offset losses or send the letter. These data results fully demonstrated that need reform sent letter service regulations. If not for the relevant reform, enterprises will be consecutive losses in the near future."
Australia Post is also expected business over the next 10 years the deficit will reach 6600000000 yuan. Because online shopping unrest and strong development of the parcel business income rose 20%, up to 337500000 yuan. Australia Post 2012 buy-out of the courier company StarTrack, currently in Australia added 181 express parcel service point. Faol is now hoping to a fundamental restructuring of the business, to reduce mail delivery services at the same time, hierarchical tariff system for a standard set of mail service. The company had announced in June, in the separation of parcel service and send letter business, will lay off 900 people.
MYEX min Asia International Express
2014-09-19