US gains highlighted at Mainfreight AGM

Mainfreight's AGM was held at Auckland's Eden Park. (Image: Supplied)

Fri, 29 Jul 2022

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...

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