Covid disruptions boost Mainfreight annual net profit

Thu, 26 May 2022

Mainfreight reported a record result for the year ended March 31, boosted by a significant increase in the contribution from its air and ocean division across the world.Revenue lifted 47.2% to $5.22 billion while net profit was up 89% to $355.4 million.Mainfreight noted: “Much has been said about the artificial impact on our revenues of inflated air and sea freight rates, and we accept this is a contributing factor.”It also said, however, performance from its air and ocean division reflects growth in its customer base, with with the...

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