Mainfreight forecasts annual profit hike, pays tribute to Rowlands

Wed, 18 Mar 2015

By Pam Graham March 19 (BusinessDesk) - Mainfreight expects annual profit to rise as much as 7.1 percent on revenues in excess of $2 billion as it pays tribute to one of the business leaders who helped it evolve from a company with one truck. The Auckland-based transport and logistics group said profit excluding abnormal items will be in a range of $80 million to $83 million in the year ending March 31, up between 3.2 per cent and 7.1 percent, it said. Annual earnings before interest, tax, depreciation and amortisation will be between $15...

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