'A lot of hard work': NZ Post reports first net profit since 2023
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The Government's welcoming NZ Post's return to profit - with a dividend returned to the Crown.
The mail service has reported a net $17-million net profit in the past financial year, up from a $2-million-dollar loss last year.
CEO David Walsh says it's important for the company to get all the basics right, and they're pleased to report this turnaround.
"You can think about last year's Christmas peak, our ability to put through so much more volume and control our costs is a lot, lot better than what we've ever had. So yep, that's part of our story."
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