NZ Post confident it can complete profit turnaround this year

NZ Post confident it can complete profit turnaround this year
A small lift in inbound international parcels offset a 3% decrease in domestic parcels. (Image: NZ Post)
Jem Traylen
New Zealand Post made a smaller loss in its last financial year compared with the 12 months before that and confidently predicts it will return to profitability in 2025.In its annual report released on Monday, the state-owned enterprise reported a loss of $14 million for the 2024 financial year (FY24), $42m less than the continuing operations loss of $56m in FY23.Letters delivered decreased by 15%, from 221m to 187m, but total parcel volumes held steady at about 84m.Domestic parcel volumes were down 3% on the previous year, but this dip was off...

More Policy

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

First look at NZICC, and SkyCity's hopes for $70m fund
Economy

First look at NZICC, and SkyCity's hopes for $70m fund

SkyCity's COO says a new govt fund should help fill empty hotel rooms across Auckland.

Dileepa Fonseka 15 Sep 2025
Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Michael Neilson 15 Sep 2025
Craigs' sweet spot for golden visa investors
Finance

Craigs' sweet spot for golden visa investors

Billionaires can go solo. For other wealthy investors, there's Craigs' new fund.