close
MENU
Investment
3 mins to read

Mainfreight banks on stronger second half

Listed transport company’s net profit weaker at $114.6m in the six months ended September.

Managing director and NBR Lister Don Braid.

Key points
  • Revenue: up 8% to $2.55b, compared with $2.35b. 
  • Profit: down 8% to $114.5m, compared with $124.5m.  
  • Main takeaway: Mainfreight reports revenue growth and profit decline in challenging economic conditions. More upbeat about second half outlook.  

Listed transport company Mainfreight has reported a weaker half-year profit amid challenging trading conditions around the world.

The industry heavyweight’s profit fell 8% to $114.56 million in the six months ended September 30, compared with the same period last year.

Revenue rose 8% to $2.55

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jonathan Mitchell Wed, 13 Nov 2024
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: up 8% to $2.55b, compared with $2.35b. 
  • Profit: down 8% to $114.5m, compared with $124.5m.  
  • Main takeaway: Mainfreight reports revenue growth and profit decline in challenging economic conditions. More upbeat about second half outlook.  
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Mainfreight banks on stronger second half
Investment,
106681
true