Australia Post to Seek Acquisitions: Reports

Australia Post will consider acquisitions and overseas partnerships after overcoming an unstable economy and a static stamp price to deliver a record profit, according to wire service reports.

The company's annual report reported a $592.2 million Australian ($399 million) pre-tax profit - up 5.4%.

Australia Post chairman David Mortimer said the company's success was closely linked to the country's economic stability.

“It is a constant struggle to keep our costs in line with our revenue growth, so we will continue to look for ways to expand, whether that is by acquisitions or development of new activities.”