Major e-commerce boost for An Post with 40% profit rise in wake of controversial Cork move

An Post, which has recently come under fire in Cork for the closure of a key facility as well as considering a number of other consolidation measures, has reported a 40% rise in profits for 2019.The business saw a third successive year of profit and revenue growth, with like-for-like profits up 40% on prior year and like-for-like revenue up 2%.

An Post said pre-tax profits increased by 147% from €26.8m to €66.3m, helped by the sale of the One4all GVS business which delivered €40m profit.