A 29% drop in international air mail volumes was a key driver for the 13% drop in total revenue for Hongkong Post in 2019.

Mail volumes delivered to Asia and Asia Pacific markets fell 55% year on year. Meanwhile, lower demand for B2X delivery resulted in a 7% drop in domestic mail volumes. Higher costs for delivery during the COVID-19 pandemic caused a further decline in operating profitability for 2019. The post has reported an operating loss for the past three years. For more details download the latest IPC Carrier Intelligence Report for Hongkong Post.

 

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