NZ's Mainfreight jumps most in over 5-mths on strong trading update

Mainfreight

01/02/2022 22:16

** Shares of Mainfreight Ltd  MFT.NZ  jump as much as 7.1%
to NZ$90.90, their biggest intraday pct gain since Aug. 23, 2021
    ** Supply chain logistics firm says its profit before tax
rose 85% from a year earlier to NZ$372 mln ($246.90 mln) in the
43-weeks from April 2021  urn:newsml:reuters.com:*:nGLFc2MCJ2
    ** Adds group revenue in same period was NZ$4.13 bln, up 45%
from a year earlier
    ** Stock hits its highest since Jan. 19
    ** MFT stock down 9.6% this year, as of last close
    

($1 = 1.5067 New Zealand dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))