Brief: Mainfreight Approved An Interim Dividend Of 25.0 Cents Per Share

Mainfreight

12/11/2019 20:05

Nov 13 (Reuters) - Mainfreight Ltd  MFT.NZ :
    * APPROVED AN INTERIM DIVIDEND OF 25.0 CENTS PER SHARE
    * HY GAAP NET PROFIT FOR YEAR NZ$59.1 MILLION VERSUS NZ$55.7
MILLION
    * ASIAN BUSINESS IS NOT LIKELY TO FINISH CURRENT YEAR BETTER
THAN
PRIOR YEAR
    * HY GAAP TOTAL REVENUE NZ$1.50 BILLION VERSUS NZ$1.43
BILLION
    * NEW ZEALAND AND AUSTRALIA MARKETS ARE EXPECTED TO IMPROVE
FURTHER THROUGH TO YEAR END, CULMINATING IN IMPROVED RETURNS
OVER YEAR PRIOR
    * EXPECTS CAPITAL EXPENDITURE FOR FY20 TO BE IN RANGE OF
NZ$170
MILLION, WITH FURTHER NZ$190 MILLION ESTIMATED FOR CAPITAL
EXPENDITURE IN FY21

Source text for Eikon:  urn:newsml:reuters.com:*:nNZW87FhBN
Further company coverage:  MFT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))