An post makes €8.4 million profit after disastrous 2016

An Post says it's agreed with the Postmasters' Union that there will be no compulsory closure of offices.

It comes as the mail provider reports an 8.4 million euro operating profit for last year, compared to a 12.4 million loss in 2016. This was due in part to the sale of a sorting office, a hike in stamp prices and job cuts. An Post Chief Executive David McRedmond says they'll also be announcing a significant investment by the end of the week.