Mainfreight reports strong lift in 1H net profit, upbeat about full year

Tue, 13 Nov 2018

By Rebecca Howard Nov. 14 (BusinessDesk) - Mainfreight reported a 32 percent lift in its first-half net profit as its offshore divisions continue to grow. The global transport and logistics company said trading through October and into November has continued to be strong. Net profit was $55.7 million in the six months to Sept. 30, versus $42.2 million in the prior year, the Auckland-based company said in a statement. Earnings before interest, tax, depreciation and amortization were $108 million, up 22 percent. Mainfreight will pay an...

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