Mainfreight first-half profit falls 2%; shares drop

Mon, 09 Nov 2015

By Jonathan Underhill Nov. 10 (BusinessDesk) - Mainfreight, the transport and logistics group, said first-half profit fell 2 percent as costs of new transport and logistics facilities at home and weaker trading across the Tasman eroded the benefits of record first-half revenue. The shares dropped. Profit fell to $32.9 million in the six months ended Sept. 30, from $33.5 million a year earlier, the Auckland-based company said in a statement. Revenue rose to a record for a first half of $1.1 billion from $987 million. The shares dropped 5.9...

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