UPDATE: Mainfreight shares fall to 4-month low on first-half results, still seen 'fully priced'

Wed, 15 Nov 2017

(Updates shares, adds analyst comment) By Jonathan Underhill Nov. 15 (BusinessDesk) - Mainfreight shares fell to a four-month low after the transport and logistics group posted first-half results that missed its own expectations, but is still trading at a high enough multiple to leave it vulnerable to any further disappointment. Profit rose to $42.2 million in the six months ended Sept. 30 from $41.8 million a year earlier, the Auckland-based company said today. Sales rose to $1.2 billion from $1.1 billion. The first six months of the...

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