Dead letter day: post boss says the end is nearing
The Australians abandon their snail mail in a trend that cost Australia’s $ 230 million and trying to publish letters on life support.
Paul Graham, General Manager of Australia Post, announced the company’s first profit in three years, warned on Friday and increased its return to 18.8 million dollars before the tax -free parcel.
The letters had fallen into a “permanent decline ,, fell five percent in volume during the financial year, and federal, state and local election materials prevented an even worse result.
The Australians said that the country’s population had not been seen since the 1930s, when the population of the country was six million, Graham said that Graham and Australia post will stop delivering them at the end.
AAP said, “I will definitely make it and guarantee that we will deliver this last letter, but if you look at how digitalization is going, if you look at the way people enter information right now, AAP said.
“I think it may be faster than some other countries because we are very good adapters in digital alternatives here.”
Despite the decline in letter volumes to 1.66 billion, 30 cents increased on every second working day and letter delivery, it created a loss of $ 230.4 million for this aspect of the enterprise.
The Australian Post’s pre -tax profit has been a significant development from the first and last year’s $ 88.5 million damage since 2022.
102.8 million Christmas parcel deliveries increased by 2.9 percent of the revenues and services obtained from the results and parcels rose to $ 7.64 billion.
At home, the parcel volumes increased by 2.6 percent despite the increasing competition from global retail companies and small logistics initiatives.
The results also arrived just a few days after the expansion of US tariffs suspended parcel deliveries to the US and surprised customers.
The company will also need more postage increases to address the increasing cost of service.
The company invested a parcel processing facility at Melbourne Airport, the Blacktown Delivery Center in NSW and the parcel and letter facility in Narrandera in Regional NSW, including $ 371.9 million fleet, technology and facility.
Graham said he could not complain about the operations of Australia Post.
“The competition in the parcel market continues to be violent, and the global online market retailers increase their presence in Australia,” he said.
“Like many other global postal operators, we are facing winds throughout the sector.”
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