Mainfreight reports first-half earnings margin squeeze

Mainfreight reports first-half earnings margin squeeze
NZ and Australia are improving, other markets are tough. (Image: Mainfreight)
Pattrick Smellie
Squeezed margins and disrupted trans-Pacific trade contributed to an 18.5% fall in global freight logistics operator Mainfreight's net profit after tax for the six months to Sept 30.And in the six months ahead, it is looking to stronger performance in its New Zealand and Australian divisions while its operations in the Americas “will take time” to improve.The company reported tax-paid profit for the half of $93.8 million, although cash flows increased from $191.7m in the comparable half a year earlier to $209.6m in the late...

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