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."

LISTEN ABOVE

The Government's welcoming NZ Post's return to profit - with a dividend returned to the Crown.&nbsp;
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."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

David Walsh: NZ Post CEO on NZ Post reporting first net profit since 2023

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c711d27f-3271-4eee-a7ac-b4b3004f92b8/transcript