Mainfreight sees growing NZ freight volumes as 1H profit rises

Mainfreight sees growing NZ freight volumes as 1H profit rises
Paul McBeth
Mainfreight expects its New Zealand operations will perk up as a growing pipeline of freight movements drive more business after a slowing local economy crimped first-half earnings growth. Net profit rose to $59.1 million in the six months ended Sept. 30 from $55.7 million a year earlier, although new accounting standards dragged the bottom line down. Adjusting for those changes, earnings before interest, tax, depreciation and amortisation rose 9.9 percent to $119.1 million and revenue increased 4.9 percent to $1.5 billion. Mainfreigh...

More Infrastructure

RMA replacements to end 'culture of no'
Policy

RMA replacements to end 'culture of no'

The Government looks to Japan as it unveils two replacement planning laws.

Oliver Lewis 24 Mar 2025
Rebuild opportunities in Christchurch coming to market
Infrastructure

Rebuild opportunities in Christchurch coming to market

The Crown wants to divest three sites, including a residential super lot.

Oliver Lewis 24 Mar 2025
Heavy seas damage blades destined for Antarctic windfarm
Infrastructure

Heavy seas damage blades destined for Antarctic windfarm

Five of nine blades had to be returned to NZ after heavy seas in the Southern Ocean.

Oliver Lewis 21 Mar 2025
Pre-construction contractor sought for Antarctica
Policy

Pre-construction contractor sought for Antarctica

Antarctica NZ has gone to market for early works on its reset Scott Base build.

Oliver Lewis 20 Mar 2025