Annual Report

Highlights of the 2007 Annual Report

Consolidated revenue from operations reached $7,500 million, an increase of $210 million, or 2.5% from the comparative period.
Consolidated net income for the fiscal period ended December 31, 2007 was $54 million, a decrease of $65 million from 2006.
Consolidated net income before taxes was $160 million, a decrease of $6 million from the comparative period.
Consolidated cost of operations for fiscal 2007 totalled $7,346 million, an increase of $230 million or 3.2% over the $7,116 million recorded in the prior year.
Revenues from Transaction Mail totalled $3,209 million; Parcels revenues totalled $2,736 million; Direct Marketing revenues were $1,404 million.
Return on equity ratio was 3.8%, down from 8.4% in 2006.
Canada Post Corporation processed 11.8 billion pieces in 2007.
72,000 employees the Canada Post Group is one of the largest employers in Canada.

Canada Post was named as one of the Top 100 Employers in Canada for a second year in a row in Maclean’s magazine.
Canadians have ranked Canada Post as the most trusted federal institution.
The Canada Post segment represents 79.4% of the corporation’s consolidated revenue.
Canada Post's revenue from operations increased 1.7%, from $5,831 million in 2006 to $5,955 million, in 2007.
Canada Post's income before tax was $78 million for 2007, a decrease of $21 million from the comparative period.
As a result of its financial performance last year, Canada Post declared and will pay a dividend of approximately $22 million to the Government of Canada in 2008. A $48 million dividend was paid to the shareholder in 2007.
Lettermail on-time service performance score, at 96.4%, topped the corporate target of 96%.
Transaction mail volumes decreased by 1.6% in 2007.
The cost of salaries increased $132 million, or 4.3%, to reach $3,221 million in 2007.
Employee benefit costs decreased by $42 million, or 4.7%, to reach $843 million in 2007.

Purolator generated net operating revenue of $1,448 million in 2007, an increase of $101 million over the $1,347 million achieved in 2006.

The Logistics segment includes the financial results of SCI Logistics and Intelcom. The 2007 financial results improved by $12 million when compared to the previous year.

The All Other Segment includes the financial results of Innovapost and CPIL which generated $175 million in revenue, a decline of $2 million from 2006.