Mainfreight FY profit rises 16%, tops $100M for the first time, on strong ANZ performance

Mon, 29 May 2017

By Jonathan Underhill May 30 (BusinessDesk) - Mainfreight, the transport and logistics group, posted a 16 percent gain in full-year profit, which exceeded $100 million for the first time, led by earnings growth in New Zealand and Australia. Profit rose to $101.5 million in the 12 months ended March 31, from $87.6 million a year earlier, the Auckland-based company said in a statement. Sales climbed to $2.3 billion from $2.28 billion. Mainfreight shares have gained 28 percent in the past 12 months, more than four times the gains of the N...

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