Post office losses widen to $5.6 billion this year

[cheryl]

Post office losses widen to $5.6 billion this year - Marketwatch

The U.S. Postal Service reported Tuesday a multibillion-dollar loss for a 10th-straight year, as government-mandated benefit expenses overshadowed a fourth year of revenue growth.

For the year ended Sept. 30, the net loss widened to $5.6 billion, from $5.1 billion in the same period a year ago. The government-sponsored mail carrier has now recorded a combined $62.4 billion in losses over the last 10 years. The annual losses the post office has reported since fiscal 2007 have ranged from a low of $2.8 billion in 2008 to a high of $15.9 billion in 2012.

 

[Catatonic]

"Meanwhile, the post office reported “controllable” earnings for the year of $610 million, down from $1.2 billion a year ago.
The USPS defines controllable income as results excluding expenses related to the mandated prefunding of retirement health benefits, actuarial revaluation of retirement liabilities and non-cash workers’ compensation adjustments."

I would call it Actual profit myself.