Finance

Meet the millennial margin traders. By Dan Brunskill

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Listed Companies The Bottom Line

How Mainfreight turned disaster into success

Dan Brunskill
Tue, 17 Nov 2020

Dan Brunskill
Tue, 17 Nov 2020
When Mainfreight’s financial year began in April, things looked bad. Huge swathes of the world were in lockdown and global logistics players were experiencing disruption only seen in wartime.In the first seven weeks of trading, Mainfreight's domestic pre-tax profit was wiped out but the 42-year old firm held its nerve, kept its staff and by week-26 profit was up 8.3 percent.The group’s global performance was even better: revenue increased 7.2 percent, which Forsyth Barr analysts said was “impressive in the context of...

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