Mainfreight: It'll get worse before it gets better

Europe and the US markets disappointed. (Image: Mainfreight)

Mon, 20 Nov 2023

Major investment houses remained enamoured with bellwether stock Mainfreight despite its "materially lower" earnings reflected in a 42.6% drop in net profits for the six months to September.That continued investment optimism was based on the comparable "material overearning" for the prior year, mirrored in management comments that the result reflected a more "normalised" trading environment. Jarden analysts Grant Lowe and James Stanners were impressed by the freight and logistics multinational's expec...

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