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

Fonterra bright spot as NZX 50 lifts 0.2%
Markets Market Close

Fonterra bright spot as NZX 50 lifts 0.2%

Infratil is quickly approaching the $12 mark for the first time since January.

Gregor Thompson 29 Jul 2025
Cannasouth heading for liquidation, receiver says
Primary Sector

Cannasouth heading for liquidation, receiver says

General security agreement holders are owed over $2.53m.

Gregor Thompson 29 Jul 2025
Forsyth Barr says Mercury Capital eyeing up 25-30% stake
Markets

Forsyth Barr says Mercury Capital eyeing up 25-30% stake

The offer is subject to shareholder approval and other condition.

Rebecca Howard 29 Jul 2025
Spark says new directors in running for chair
Markets

Spark says new directors in running for chair

Spark is refreshing its board and has put chair Justine Smyth's succession in motion.

Gregor Thompson 29 Jul 2025