According to The Australian, Sept 25, page 19 (Business sector) Australia Post has managed to raise the return on equity to 18.7% in the 2012 financial year from 14.1% in 2009, the year Ahmed took over. Over the past 2 years the operating losses on the regulated businesses has fallen from $123m to $148m, while profit on the non-regulated business have increased from $451m to $545.6m.
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Community Service provided by Licensees a financial threat to Australia Post's commercial interests?
REPORTED ON NEWSMAKER 30/08/2013:
"With the federal election only days away, we challenge the major parties to carry out a full review of Australia Post's parcel delivery service and commit to ensuring Australia Post is not privatised, like Telstra. Local communities need their post offices yet neither side of politics has acted to protect them".
LPOG Target No 2