Australia Post warns about long-term viability, with letters revenue in ‘unstoppable’ decline

Enterprise expected to report a full-year loss for the first time since 2015, with profit before tax down 88.2% from same time last year

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Australia Post says it is at a crossroads" and it expects to report a full-year loss for the first time since 2015 as letters continue an unstoppable" decline.

The government-owned enterprise announced on Wednesday it made a profit before tax of $23.6m for the six months to December 31, down 88.2% from the same time last year.

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