Not the best news for our national postal service.
Australia Post has posted its first loss in more than 30 years.
An Australia Post statement revealed the company had posted a full year loss of $222 million and blamed a continual decline in letter volumes for the disappointing 2015 financial year result, which puts the company in the red after a $116.2m profit a year ago.
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Letter volumes fell 7.3 per cent with losses in the mail business growing to $381m.
In June, Australia Post flagged the culling of around 1,900 jobs over the next three years in voluntary redundancies.