Performance for the six months to 31 December 2020:
Group revenue at $4.3 billion, up 15.5 per cent on last year
Parcels and Services revenue: $3.4 billion, up 25.9 per cent
Letters: $0.9 billion revenue, volumes down 13.6 per cent
Australia Post today announced group revenue for the first half of $4.3 billion, up 15.5 per cent year-on-year and Group profit before tax at $166.6 million, including letter losses of $74.2 million.
Capital investment during the period increased to $189.4 million, up $40.3 million on last year, with continued investment to improve the business and increase the capacity in the parcels network, including the new Sunshine West Facility which opened pre-Christmas.
Parcels and Services revenue was up almost $701 million, or 25.9 per cent, to $3,403 million, largely due to the strongest parcel volumes in the organisation’s history which continued to be delivered to communities across the country during COVID-19 restrictions. StarTrack and the international business, Australia Post Global eCommerce Solutions, both delivered strong results, with a disciplined focus on cost, an increase in volumes, and growth in third-party logistics and cross-border eCommerce.