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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
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

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Jonathan Mitchell Wed, 13 Nov 2024
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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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.  
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Mainfreight banks on stronger second half
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