Mainfreight looks to Oz as profit falls

Mainfreight's Don Braid said revenue growth is pleasing. (Image: Getty)

Thu, 25 Jul 2024

Mainfreight expects Australia to become its biggest profit earner, the global logistics company has told shareholders at their annual meeting.The NZX-listed company said group profit before tax at $83.1 million had dipped 11.2% in the 15 weeks from April 1 to July 14 compared to the same period in the previous financial year, while revenue was up 8.5% at $1.47 billion.Australian operation revenue at A$428.5m (NZ$474m) for the period was the strongest performer, with a before-tax profit of 17.5% up on the previous period.Managing director Don Br...

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