Online shopping boosts New Zealand Post’s revenue growth

New Zealand Post announced a net profit after tax of NZ$7m for the six months to December 31, 2018. This was an increase of NZ$1m. It also announced a NZ$19m increase in revenue from operations to NZ$471m compared to the same period last year. 

“These figures show our focus on our parcels business is the right one. Our operational performance has been a stand out for the first six months of this year and has shown a significant improvement for us.”New Zealand Post Chief Executive Officer, David Walsh said, “The profit before interest, tax, depreciation and amortisation is a NZ$17m half year improvement. We’ve just delivered record breaking numbers of parcels over Christmas, and more growth is predicted over the next 12 months.”

Source: New Zealand Post