The Royal Mail has made record profits of £537 million, triggering a bonus of more than £1,000 for 180,000 postal workers.
Figures published yesterday also showed that firstclass mail deliveries were the best in a decade while the number of letters being lost have been cut by half in the past year.
Chairman Allan Leighton said Royal Mail staff had achieved a "fantastic turnaround" and would now benefit from one of the biggest profit shares with employees in UK corporate history.
Every worker will receive £ 1 , 074 , amounting to £218 million of profits.
The Royal Mail was losing more than £1.5 million a day before it launched a renewal plan three years ago, but yesterday's figures showed that the organisation is now making over £2 million a day in profit.
Quality of service to customers has hit the best levels in a decade with 92.8 per cent of first class mail being delivered on time between January and March, 0.3 basis points above the target.
But almost half of the Royal Mail's 15 targets were still not being achieved, the figures showed.
The number of letters lost fell from 28 million to 16 million last year, with
99.92 per cent of mail arriving safely.
The £537 million profit amounted to an increase of 144 per cent on the previous year's surplus of £220 million.
The Royal Mail said its income reached a record £8.96 billion in the last financial year while a record 84 million letters a day were handled, one million more every day than the previous year.
But Post Offices lost £110 million and executives warned that the future of the network rested on the ability to sell a growing range of products and services.
Mr Leighton said that despite the profits there was still "a huge amount to do".
Mr Crozier's total pay since he joined the Royal Mail in February 2003 was £3.3 million, Royal Mail said yesterday.
Mr Leighton said Mr Crozier deserved his pay because he had led the organisation through a "huge transformation" in the past few years.
Mr Leighton himself received a bonus last year of £164,000 and he also took up a bonus of £144,000 from the previous year which he had deferred because the Royal Mail had not hit its key quality of service targets. His basic pay is £20,000 a year.