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The Guardian - AU
The Guardian - AU
Business
Paul Karp Chief political correspondent

Australia Post reports $200m annual loss, its first since 2015, amid push to close city branches

Australia Post Australia Keith Wolahan Guardian Australia
Australia Post sign
Australia Post is to release its annual results on Thursday, revealing it will report its first loss since 2015 after warning that ‘some metropolitan areas are oversaturated with post offices’. Photograph: Ryan Pierse/Getty Images

Australia Post has revealed a $200m loss this year, its first since 2015, renewing political debate about increasing the cost of stamps, cutting the frequency of letter delivery and closing post offices in metropolitan areas.

In a statement on Thursday, Australia Post revealed that losses in its letter business had increased by more than 50% to $384m, warning that without regulatory changes its 2022-23 loss will be followed by “many more” and it will be “greatly devalued”.

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