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May 21, 2021 · COVID-19 continued to have a significant impact on the postal service in the first quarter while we provided an essential service and kept employees safe. Canada Post’s operating expenses increased by $287 million in the quarter, compared to 2020, due to higher costs.
Here are some of the key factors explaining the 2021 financial results: Revenue for the Canada Post segment increased by $407 million, or 6.3. 1 per cent, compared to 2020: Parcels revenue grew as the Corporation managed parcel volumes to maximize available capacity and improve service.
For the first quarter of 2021, revenue in the Canada Post segment was $276 million higher than in the same period of 2020, with growth in Parcels exceeding declines in Transaction Mail and Direct Marketing.
Here are some of the key factors explaining the 2022 financial results: Total revenue for the Canada Post segment declined by $167 million, or 1.9 per cent, 1 from the previous year. While Parcels revenue declined from 2021, the line of business ended 2022 with stronger revenue than before the pandemic started.
Dec 23, 2020 · The global pandemic posed major challenges to Canada Post — and pointed the way to a new business model for the Crown corporation — as limits on in-person shopping drove consumers online.
The Canada Post Group of Companies ’ loss before tax was $100 million in the first quarter of 2022, a decline in profitability of $81 million compared to Q1 2021. The Canada Post segment’s loss before tax for the first quarter of 2022 of $129 million was partly offset by Purolator’s and SCI’ s profit before tax
Aug 20, 2021 · Due to recurring factors, the Canada Post segment would have reported a second-quarter loss, regardless of COVID‑19. For the first six months of the year, the Group of Companies recorded a loss before tax of $83 million, an improvement of $303 million from the same period in 2020, when the loss before tax was $386 million.
