Mainfreight Limited has released their half-year financial results ending 30 September 2022, showing a revenue increase of $729 million or 32%, and a net profit increase of $86 million or 66%.
This result was driven by strong contributions from their five global regions across their Air & Ocean, Transport and Warehousing products.
They expect a moderation in their Air & Ocean performance due to international Seafreight rate decreases, however they remain confident in the potential for their network expansion and intensification over the next 18 months.
They have set an interim dividend of 85.0 cents per share, an increase of 54.5%.
Trading post-September has continued to strengthen, with expectations of this continuing into December.
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