NZ's Mainfreight climbs on upbeat HY results

Mainfreight

10/11/2021 23:43

** Shares of Mainfreight Ltd  MFT.NZ  rise as much as 3.7%
to NZ$94.350, their highest since Oct. 7
    ** The supply chain logistics firm posts a 79.4% increase in
half-year net profit, amounting to NZ$130.81 mln ($93.07 mln);
HY revenue also up 41.4%  urn:newsml:reuters.com:*:nNZWBKH3x
    ** Proposes an interim dividend of 55 New Zealand cents per
share
    ** Stock top percentage gainer on the benchmark NZX 50 index
 .NZ50 , set to rise for a third straight session
    ** Stock has risen 30.9% this year, as of last close, vs a
0.5% decline in the NZ50 index

($1 = 1.4055 New Zealand dollars)

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