Mainfreight sees lift in earnings, moves to six-month reporting

Thu, 26 Jul 2012

July 26 (BusinessDesk) - High-performing New Zealand-based global freight business Mainfreight will move to half-yearly reporting as it seeks to shrug off market focus on quarterly earnings, influenced by the performance of particular markets. At its annual meeting in Auckland today, Mainfreight chairman Bruce Plested complained that some market analysts fail to understand the importance of the company's global reach. "Our growth strategy has been to have strong businesses in other countries," he said. "These businesses then operate between...

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