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| | Qantas and Australia Post buy Star Track Express |
 | | The founder and owner of Star Track Express, Greg Poche, said he was extremely pleased that Qantas and Australia Post, two leading Australian companies, had acquired his business and would now take it forward and grow it further. |
 | | For the year to June 2004, Star Track Express is forecast to achieve normalised earnings before interest, tax, depreciation and amortisation of $84 million. Over the past five years, revenue and profit growth has averaged 10 per cent per annum. |
 | | The air express and warehousing businesses have demonstrated significant growth over the past five years and it is expected that these businesses will continue to make an increasing contribution. |
| www.auspost.com.au /BCP/0,1080,CH3594~MO19,00.html (658 words) |
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