Brief: Mainfreight Says Interim Dividend Of 85 NZ Cents Per Share

Mainfreight

08/11/2023 19:34

Nov 9 (Reuters) - Mainfreight Ltd  MFT.NZ :
    * INTERIM DIVIDEND OF 85 NZ CENTS PER SHARE
    * HY REVENUE NZ$2.36 BILLION DOWN 21.6%
    * HY NET PROFIT NZ$124.55 MILLION DOWN 42.6%
    * CAPITAL EXPENDITURE FOR 2024 AND 2025 FINANCIAL YEARS WILL
REDUCE FROM NZ$676 MILLION TO NZ$563 MILLION
    * WE NOW SEE A MORE "NORMALISED" TRADING ENVIRONMENT IN
FRONT OF
US
    * WE EXPECT OUR SECOND SIX MONTHS OF TRADING TO IMPROVE,
ALBEIT
MARGINALLY
    * REMAIN CONFIDENT OF OUR MEDIUM TO LONG-TERM GROWTH
PROSPECTS
    * EXPERIENCED SMALL IMPROVEMENTS IN TRADING, PARTICULARLY
ACROSS
OUR DOMESTIC FREIGHT NETWORKS IN NEW ZEALAND AND AUSTRALIA

Further company coverage:  MFT.NZ 

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