Mainfreight beats annual profit guidance, expects earnings to rise further this year

Tue, 26 May 2015

By Tina Morrison May 27 (BusinessDesk) - Mainfreight, the transport and logistics group, topped its annual profit guidance and said earnings will rise further in the coming year. The Auckland-based company said profit excluding abnormal items rose 7.7 percent to $83.5 million in the year ended March 31, ahead of its forecast range of $80 million to $83 million. The company had a $1.1 million one-time cost in the latest year and a $12.1 million gain the year earlier. Revenue increased 6.8 percent to $2.05 billion, at the top end of its $2...

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