US gains highlighted at Mainfreight AGM

US gains highlighted at Mainfreight AGM
Mainfreight's AGM was held at Auckland's Eden Park. (Image: Supplied)
Victoria Young
Mainfreight’s group managing director Don Braid was keen to highlight success in the United States at the company’s AGM on Thursday.In the past 16 weeks from April 1, group revenue was up by 32.5% to $1.4 billion and profit up 82.9% to $178.83 million which Braid described sarcastically as “doing okay,” to laughing shareholders.Numbers were driven by an increase in US revenue by 41.4% to US$257.5m (NZ$410.6m) and a profit of US$37.2m.The US is the logistics firm’s biggest division regionally with revenue at $1.56b...

More Markets

NZX lifts 0.2% as markets wait for US Fed decision
Markets Market Close

NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...