Australia Post increases profit by 16.6 per cent to $281 million – announces $2 billion transformation investment

  • Group profit of $281 million and strong profit growth of 16.6 per cent – the second year of profit growth under the current “Future Ready” strategy.
  • Regulated mail business losses widen to $148 million on the back of mail volume and revenue declines.
  • Strong performance in parcels and retail produces profit of $546 million in the non-regulated business, on the back of 8.5 per cent revenue growth.
  • $2 billion investment program in Australia Post’s infrastructure, products and services in support of the digital economy.

Managing Director and CEO Ahmed Fahour today announced that Australia Post will invest more than $2 billion to transform its national logistics network and create a universal digital platform to deliver the modern communication services Australians are demanding.

The investment will create a world class parcel delivery network that will improve automation and expand Australia Post’s footprint across Australia, deliver convenience and choice in parcel delivery for both consumers and business, expand our network of retail superstores across the country and make available a secure, free, personalised Australia Post Digital MailBox to every Australian.

Read more: Australia Post increases profit by 16.6 per cent to $281 million – announces $2 billion transformation investment – Australia Post.