Enterprise expected to report a full-year loss for the first time since 2015, with profit before tax down 88.2% from same time last year
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Australia Post says it is at a “crossroads” and it expects to report a full-year loss for the first time since 2015 as letters continue an “unstoppable” decline.
The government-owned enterprise announced on Wednesday it made a profit before tax of $23.6m for the six months to December 31, down 88.2% from the same time last year.
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Continue reading…Enterprise expected to report a full-year loss for the first time since 2015, with profit before tax down 88.2% from same time last yearFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia Post says it is at a “crossroads” and it expects to report a full-year loss for the first time since 2015 as letters continue an “unstoppable” decline.The government-owned enterprise announced on Wednesday it made a profit before tax of $23.6m for the six months to December 31, down 88.2% from the same time last year.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…