Am Post delivers after-tax loss of €39m

An Post recorded an after-tax loss of just under €39.37m for 2012 and an operating loss of €17.48m for the same period.

The company made an operating profit of €2.2m in 2011 and last year was its first trading loss since 2003.

Most of the losses stemmed from the firm’s decision not to recognise a potential tax asset of €42.2m.