Mainfreight warns of softer second half, flat earnings

Wed, 20 Mar 2013

March 21 (BusinessDesk) - Mainfreight, the international logistics firm, is warning its operating earnings will be flat for the full financial year, with the second half weaker than the first six months. The company's earnings before interest, tax, depreciation and amortisation for the year to March 31, due for release May 29, would be roughly the same as last year's $138 million, Mainfreight said in a trading update relating to the last three months of the current financial year, released to the NZX. Managing director Don Braid gave a range...

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