NZ Post achieves first-half revenue growth for the first time since 2015

Wed, 20 Feb 2019

By Jenny Ruth Feb. 21 (BusinessDesk) - New Zealand Post has managed to lift revenue for the first time since 2015 as growth in sales from parcels delivery more than offset continuing falls in mail volumes. Net profit for the six months ended Dec. 31 rose 16.6 percent to $7 million from $6 million in the previous first half while revenue rose 4.2 percent to $471 million from $452 million. Revenue for the year ended June last year was down 2 percent after a 5 percent decline the previous year. NZ Post says comparisons are difficult be...

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