Jersey Post Group has published its Annual Report and Accounts for 2024.
The report highlighted:
- The Group turnover was £81.6 million.
- The underlying profit was £700,000 before taxation (compared to a loss in 2023 of £900,000).
- The Group refocused on its core markets and simplified the business to reduce overheads and restore financial stability.
- Following a strategic review, several businesses were exited.
- There was a continued decline in letter mail: -10% for local mail and -22% for UK mail.
Mark Siviter, CEO of Jersey Post Group said: “I’d like to thank all our colleagues for their hard work and dedication over the last year. Refocusing on our core markets of Postal, Freight and International has given us greater business resilience and financial stability. Whilst we’ve made progress, we continue to face challenges, particularly with the continued decline in letter volumes.
“We’re very proud to serve our island community, and positively contribute to all three of our Government’s Island outcome indicators: community, environmental and economic.”
