New Zealand's Mainfreight hits record high on upbeat outlook

Mainfreight

14/10/2020 24:41

** Mainfreight Ltd  MFT.NZ  rises as much as 6.1% to an
all-time high of NZ$51.440
    ** Supply chain logistics provider expects revenue for 26
weeks to be NZ$1.6 bln ($1.06 bln), up 7.2% from previous
corresponding period  urn:newsml:reuters.com:*:nNZW5qhG3z
    ** Sees profit before tax up 23.4% at NZ$102 mln  
    ** Stock posts its biggest intraday percentage gain since
July 31
    ** Stock up 14.1% this year, as of last close

($1 = 1.5042 New Zealand dollars)

 (Reporting by Yamini C S in Bengaluru)
 ((Yamini.CS@thomsonreuters.com;))