Mainfreight boosts half-year dividend 54%, as profits surge

Air and ocean operations continue to be Mainfreight's stalwart performer. (Image: Mainfreight)

Thu, 10 Nov 2022

Mainfreight will pay $85.6 million as an interim dividend to shareholders after boosting net profits by two-thirds to $217m for the six months to September.The 85 cent dividend, payable to shareholders on Dec 16, is 54.5% up on last year, off the back of continued momentum across the transport and logistic company’s global air and ocean, transport and warehousing operations.That saw operating revenues up 32% to $3 billion, driven by its American division which contributed $959.5m, Australia at $805.8m and New Zealand at $805.8m. The Europ...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Opinion

Dileepa Fonseka: When the Hopium wears off

Whatever happened to all those green shoots?

Dileepa Fonseka 5:00am

Finance

Five NZX stocks potentially ripe for M&A activity: Forbarr

There are "core ingredients in what looks to be fertile ground for further M&A activity".

Staff reporters 5:00am

Five NZX stocks potentially ripe for M&A activity: Forbarr

Finance

ANZ alternate capital review proposal unveiled

The bank argues its proposal would cut borrowing costs by 11 basis points.

Andy Macdonald 5:00am

ANZ alternate capital review proposal unveiled

Sponsored

The risks of powering New Zealand’s data boom

Sydney has curbed data centres to save power and water. Can New Zealand plan more wisely?

Dentons

Sponsored

Spedding Rd powers Auckland growth

$56m in new infrastructure unlocks business opportunities.

Oyster Capital Spedding Road

More Infrastructure

Infrastructure

Aratere sold for scrap, price deemed commercially sensitive

The Aratere ferry has been sold to a specialist recycling shipyard in India for an undisclosed amount.“Details of the sale price are commercially sensitive,” Duncan Roy, executive general manager of Interislander, said. The ferry was retired last August to make way for the port...

Rebecca Howard 10 Oct 2025