2019/08/23
The Canada Post segment recorded a loss before tax of $50 million for the second quarter of 2019, as continuing declines in mail volumes were offset by parcels volumes growth that was more modest than the significant growth rates of a year ago.
Revenue decreased by $1 million in the second quarter compared to the same period of 2018, and fell by $27 million for the first two quarters compared to last year.
Key results for the Canada Post segment in Q2 2019 compared to Q2 2018
Parcels results
- Parcels revenue increased by $31 million or 6.7 per cent in Q2 2019.
- Volumes increased by 6 million pieces or 8.8 per cent.
- Domestic Parcels revenue and volumes increased by $32 million (8.8 per cent) and 5 million pieces (10.5 per cent), respectively.
- Parcels growth was modest compared to Q2 last year.
Transaction Mail results
- Volumes fell by 55 million pieces or 5.7 per cent.
- Revenue decreased by $16 million or 0.8 per cent.
- Domestic Lettermail volumes decreased by 48 million pieces (5.3 per cent) and revenue decreased by $15 million (0.7 per cent).
- The ongoing decline in mail volumes remains a significant business challenge.
Direct Marketing
- Total Direct Marketing revenue decreased by $11 million (2.2 per cent) and volumes decreased by 73 million pieces (4.1 per cent).