Australia a standout for Mainfreight

Thu, 30 Jul 2020

Mainfreight’s Australian pre-tax profit has more than doubled in its first 17 weeks of trading this financial year as the global logistics group grabs market share across the Tasman. Australia had been a disappointment for Mainfreight in the six months ended Sept. 30 last year as a slowing economy led to reduced freight volumes. However, that appears to have turned around, with the division lifting pre-tax profit 167 percent to A$17.9 million in the 17 weeks ended July 26 on a 13 percent increase in revenue to A$287.9 million. Slides acco...

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