Jersey Post deliver a bigger operating profit and turnover

Jersey Post’s annual report and accounts, presented to the States this week, show a 5.5% increase in operating profit, to £1.27m, with a rise in turnover from £35.4m in 2014 to £37.7m last year – profit before tax totalled £927,000, up from £192,000 in 2014.

However, the company faces a ‘challenging’ outlook this year, not least because the volume of traditional letter mail is forecast to fall by 3% to 5%.

The report also states that despite efficiency improvements and new partnerships in the UK, price rises above the rate of inflation were inevitable this year – increases announced in April included local stamps up by 1p, to 48p, and UK stamps up by 3p, to 60p.

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