Brief: Mainfreight Reports FY Net Profit NZ$355.4 Million, Up 88.9%

Mainfreight

26/05/2022 01:59

May 26 (Reuters) - Mainfreight Ltd  MFT.NZ :
    * FY NET PROFIT NZ$355.4 MILLION UP 88.9%
    * FY REVENUE NZ$5.22 BILLION, UP 47.2%
    * FINAL DIVIDEND OF 87.0 NZ CENTS PER SHARE HAS BEEN
AUTHORISED BY
BOARD
    * SEES EXPECTED CAPITAL EXPENDITURE ACROSS NEXT TWO YEARS IS
NZ$540 MILLION
    * RUSSIA/UKRAINE CRISIS LED TO CLOSURE OF RUSSIAN
OPERATIONS, EUR
1.5 MILLION ALLOCATED TO P&L TO FACILITATE THIS
    * DO NOT EXPECT QUANTUM OF PROFIT IMPROVEMENT OF THIS PAST
YEAR TO
REOCCUR IN SHORT TERM

Further company coverage:  MFT.NZ 

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