Australia Post announces loss for 2014/15

Australia Post today announced a full-year loss after tax of $222 million ($352m before tax) for the 2014/15 financial year.Addressed letter volumes fell by 7.3%. Ordinary stamped letters decreased by 10.3%.Parcels revenue is up 3.6% to $3.21 billion.Last year Australia Post made a profit of $116.2m.Australia Post's official annual report will be tabled in Federal Parliament soon.