Mainfreight first-half profit jumps 51 percent on Bosman settlement, Australasia, Asian growth

Mon, 11 Nov 2013

By Jonathan Underhill Nov. 12 (BusinessDesk) – Mainfreight, the transport and logistics group, reported a 51 percent increase in first-half profit, helped by its settlement with the former owners of Wim Bosman and improved performance in Australasia and Asia. Net profit rose to $41.8 million, or 41.72 cents a share, in the six months ended Sept. 30, from $27.7 million, or 27.9 cents, a year earlier, the Auckland-based company said in a statement. Sales climbed to $952.7 million from $936 million. “Trading during the first three months of th...

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