Mainfreight FY profit rises 6.3% on record NZ trading, growth in Australia; team gets bigger bonuses

Mon, 28 May 2018

By Jonathan Underhill May 29 (BusinessDesk) - Mainfreight posted a 6.3 percent gain in full-year profit on a record result in New Zealand and growth in Australia and said the strong performance meant it would pay record bonuses to its managers. Profit rose to an all-time high of $107.9 million in the 12 months ended March 31, from $101.5 million a year earlier, the Auckland-based company said in a statement. Sales climbed to $2.6 billion from $2.3 billion. Asia was the only region to produce disappointing earnings in Mainfreight's late...

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