Mainfreight warns revenue levels 'less than expected'

Wed, 12 Oct 2016

By Edwin Mitson Oct. 12 (BusinessDesk) - Mainfreight, the transport and logistics group, has warned investors first-half revenue will be less than expected due to falling ocean freight rates hitting billing levels. In slides published to the NZX as part of an investor day held at its Epping base in the Australian state of Victoria, Mainfreight estimates revenue will be between $1.15 billion and $1.17 billion in the six months to the end of September, compared to $1.11 billion in the same period a year earlier. Earnings before interest...

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