Annual Report 2023
Guernsey Post Ltd announces an operating profit for the financial year 2022/2023
- You can read the full Annual Report (year ending 31 March 2023), see the blue link or click here.
Guernsey Post Ltd announces an operating profit for the financial year 2021/2022
- You can read the full Annual Report (year ending 31 March 2022), see the blue link or click here.
Guernsey Post Ltd announces an operating profit for the financial year 2020/2021
- You can read the full Annual Report (year ending 31 March 2021), see the blue link or click here.
Guernsey Post Ltd announces an operating profit for the financial year 2019/2020
- You can read the full Annual Report (year ending 31 March 2020), see the blue link or click here.
Guernsey Post Ltd announces an operating profit for the financial year 2018/2019
- You can read the full Annual Report (year ending 31 March 2019), see the blue link or click here.
Guernsey Post Ltd announces an operating profit of 1.3 million for the financial year 2017/2018
- You can read the full Annual Report (year ending 31 March 2018), see the blue link or click here.
Guernsey Post Ltd announces a healthy operating profit for the financial year 2016/2017
- You can read the full Annual Report (year ending 31 March 2017), see the blue link or click here.
Guernsey Post announces an operating profit for 2016, and a more sustainable projected profit in the year to come
Guernsey Post announced an operating profit of £500,000 in it's annual report for the year ending March 2016, a 1.6% increase in revenue for 2015/16 in comparison to the previous year. With the introduction of a new contribution-based pension plan in August 2016 the projected profit increase for the coming year is seen as a more 'sustainable' long-term arrangement.
- You can read the full Annual Report (year ending 31 March 2016), see link on the left.
Guernsey Post announces strong financial and business performance despite difficult trading conditions
Guernsey Post announce a 2% increase in revenue for 2014/15, in comparison to the previous year despite the continued impact of declining core volumes. Pre-tax profit for the year, which also includes the interest received on savings was down £0.1m on the year prior.
- What next?
- You can read the full Annual Report (year ending 31 March 2015), see link on the left.
Guernsey Post announces profit increase despite difficult trading conditions
Guernsey Post is delighted to announce a profit after tax of £1.1m for 2013/14, an improvement on the previous year despite the continued impact of declining core volumes. The Company is also paying an ordinary dividend to its Shareholder, Treasury & Resources of £750k, a significant increase on last year.
- What next?
- You can read the full Annual Report (year ending 31 March 2014), see link on the left.
Guernsey Post announces profit increase despite the loss of Low Value Consignment Relief
Guernsey Post is delighted to announce a profit after tax of £0.7m for 2012/13, a 40% improvement on the previous year despite the severe impact of the loss of Low Value Consignment Relief (LVCR) and declining core volumes. The Company is also proposing to give back more surplus cash to its Shareholder, Treasury & Resources, bringing the amount returned in 2013 to £8.5m.
Looking ahead to the next year, Guernsey Post is expecting another challenging year as the Company feels the full impact of the loss of LVCR and traditional mail volumes contract further.
- What next?
- You can read the full Annual Report (year ending 31 March 2013), see link on the left.
Guernsey Post returns to profit
Guernsey Post is pleased to announce a profit for 2011/12, despite facing significant financial challenges, including the loss of Low Value Consignment Relief (LVCR), and the continuing decline in traditional mail volumes.
The improvement in performance can be attributed to a number of factors including strong volume growth in International mail, and the achievement of a significant cost reduction plan.
The return to profit allows Guernsey post to reinstate its ordinary dividend to the Shareholder, which will be £89k.
- What next?
- You can read the full Annual Report (year ending 31 March 2012), see link on the left.
Guernsey Post reports a loss but is confident about the future
Guernsey Post is reporting an operating loss for 2010/11, having taken firm and prompt action to ensure that it was not worse. The company’s underlying performance improved, however, and there is a clear strategy in place to return to profit.
Guernsey Post made an operating loss of £0.9m in 2010/11 as a result of higher charges from Royal Mail, the first decline in bulk mail volumes for twenty years and the increased cost of £0.6m for providing its defined benefit pension scheme under accounting rules.
- What next?
- You can read the full Annual Report (year ending 31 March 2011), see link on the left.
Guernsey Post remains in profit despite a difficult year
Guernsey Post has delivered a profit for the people of the Bailiwick and met customer service and regulatory targets despite a challenging year.
In the year to 31 March 2010, turnover rose to £45.4m following strong growth in priority services and UK and International bulk mail volumes. Underlying profit was £1.2m but this was reduced to £0.162m by exceptional items. However, the company will make a dividend payment to the States of Guernsey based on profit before exceptional items are taken into account.
- What next?
- You can read the full Annual Report (year ending 31 March 2010), see link on the left.