The improved profit at the company which includes Canada Post, Purolator and SCI Group came as revenue from operations totalled nearly $8.23 billion in last year, up from $7.88 billion in 2016.
Canada Post has seen its parcels business grow significantly as shoppers opt for online retailers, offsetting a decline in the company’s traditional transaction mail business.
The Canada Post segment earned $57 million, up from $46 million in the previous year.
Parcels revenue at Canada Post increased to $2.13 billion, up from $1.74 billion, while transaction mail revenue fell to $2.91 billion compared with $3.04 billion a year earlier. Direct marketing revenue edged down to $1.12 billion compared with nearly $1.14 billion in 2016.
Meanwhile, the company’s Purolator business earned $88 million in 2017, up from $48 million, while its SCI Group logistics arm earned $15 million, the same as in 2016.