In the line of privatisation, Correios has $288 mm profit in 2020

The Post Office had a net profit of R$ 1.53 billion ($288 mm) in 2020, the best result in at least a decade. The data, not yet officially disclosed by the company, were sent by the president of the state-owned company, Floriano Peixoto Vieira Neto, to the Ministry of Economy.

Source: UOL Economia