Don't fret over Mainfreight: Forsyth Barr

Mainfreight predicted a 9.3% drop in pre-tax profit for the half year to Sept 30. (Image: Supplied)

Thu, 10 Oct 2024

Forsyth Barr analysts say Mainfreight’s recent investor day has “illustrated the longer-term potential of one of New Zealand’s premier growth companies”.However, analysts Andy Bowley and Hugh Lockwood argued the latest update showed Mainfreight’s earnings susceptibility to “the economic cycle and network expansion out of sync with volume progression”.The NZ Exchange-listed (NZX) company told investors it expects to report a 9.3% fall in pre-tax profit in the first half of FY25 to Sept 30, 2024. It attri...

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