Domestic parcels and express volumes grew 5.9% in the year, supporting a 6.4% increase in total parcels revenue.

Meanwhile, despite a rapid decline in addressed and unaddressed mail volumes, the post reported a slight increase in mail service revenue for 2018. Despite revenue growth, higher delivery costs and one-off staff costs resulted in a drop in operating profitability for the year. For more details download the latest IPC Carrier Intelligence Report for New Zealand Post.

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