Australia Post

Having dug a little on Australia Post's profits the following table shows some profit figures from over the last few years....



Year Profit (millions) Change

2007 - 2008

2006 - 2007 561.7* +9% (net)

2005 - 2006 515.7 taken from the 06-07 annual report

2004 - 2005 524.5

2003 - 2004 521 (371.0 net - after tax)

2002 - 2003 331

2001 - 2002 297 **

2000- 2001







http://search.auspost.com.au/cse/auspost/default.asp?q=financial+results



* (2006 - 2007) Australia Post’s record before-tax profit of $561.7 million ensures that the corporation will deliver another excellent dividend return to the Commonwealth Government. Based on a 75 per cent distribution of the corporation’s after-tax profit, dividends payable are expected to total $296.9 million.


** (2001 - 2002) It has resulted in ordinary dividends of $175.1 million – representing a 60 per cent distribution of the after-tax profit for the corporation.

Public ownership and a small audit of Australia Post

In passing through a country town recently I thought about who actually owns Australia Post. As it turns out, I have a small share. As does every other Australian citizen, as it's a public company. It's a wonderful business, providing a solid postal delivery service and employing many Australians.
In 2002 , Australia Post made a declared Profit of $297 million. So I'm thinking as a minor shareholder - actually, equal shareholder to everyone else who's an Australian citizen - I should be able to find out how much Australia Post makes and where exactly that money goes. So over the next few months you will be able to trace my progress in chasing the money trail - and hopefully not chasing my tail! :-)