Don't fret over Mainfreight: Forsyth Barr

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)
Staff reporters
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...

More Markets

NZ sharemarket ends week up slightly
Markets Market close

NZ sharemarket ends week up slightly

The S&P/NZX 50 Index closed at 13,066.92, up 13.36 points or 0.10%.

Graham Skellern 29 Nov 2024
WasteCo reports loss as it seeks capital for acquisition
Markets

WasteCo reports loss as it seeks capital for acquisition

A week after WasteCo announced a conditional agreement to acquire Civic Waste and launched a share purchase plan proposal, the group posted a $5.5 million net loss. In earnings for the six months to Sept 30, released to the New Zealand Exchange (NZX) on Friday, WasteCo disclosed...

Staff reporters 29 Nov 2024
Fonterra forecasts highest NZ milk collections in four years
Primary Sector

Fonterra forecasts highest NZ milk collections in four years

More milk, higher payouts, could see $3 billion extra revenue in the economy.

Riley Kennedy 29 Nov 2024
Oh boy, Oboz: KMD Brands' limping footwear segment
Retail

Oh boy, Oboz: KMD Brands' limping footwear segment

 ‘It’s got a lot to iron out,’ Forsyth Barr’s Paul Koraua says.

Gregor Thompson 29 Nov 2024