Brief: Mainfreight Posts HY Revenue Of NZ$3 Billion

Mainfreight

09/11/2022 19:36

Nov 10 (Reuters) - Mainfreight Ltd  MFT.NZ :
    * HY REVENUE NZ$3 BILLION, UP 32%
    * HY NET PROFIT NZ$217.02 MILLION, UP 66%
    * HY REVENUE NZ$3 BILLION UP 32%
    * INTERIM DIVIDEND OF 85.0 NZ CENTS PER SHARE HAS BEEN SET
BY
BOARD
    * CONTINUE TO BE CONFIDENT OF TRADING CONDITIONS FOR
REMAINDER OF
FINANCIAL YEAR
    * INVESTMENT IN NETWORK EXPANSION WILL SEE FURTHER INCREASE
IN
CAPITAL EXPENDITURE AND LEASE COMMITMENTS OVER NEXT 18 MONTHS
    * WE CONTINUE TO INVEST IN OUR NETWORK INFRASTRUCTURE FOR
LONG
TERM ACROSS ALL REGIONS
    * TRADING POST HALF-YEAR, THROUGH FIVE WEEKS OF OCT AND INTO
NOV,
HAS SEEN REVENUE LEVELS INCREASE BY 2%
    * TRADING POST HALF-YEAR, THROUGH FIVE WEEKS OF OCT AND INTO
NOV,
HAS SEEN PROFIT BEFORE TAX UP 11%
    * A FURTHER NZ$347 MILLION IS ESTIMATED FOR CAPITAL
EXPENDITURE IN
2024

Source text for Eikon:  ID: 
Further company coverage:  MFT.NZ 
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