NZ's Mainfreight Ltd jumps on higher earnings outlook

Mainfreight

21/10/2022 24:28

** Shares of supply chain logistics firm Mainfreight Ltd
 MFT.NZ  rise as much as 6.3% to NZ$70.13, best intraday gain
since July 28
    ** Company says it expects half-yearly profit before tax to
have risen 65.8% to NZ$301.7 mln ($170.94 mln)  urn:newsml:reuters.com:*:nNZW4gxqfW
    ** Half-yearly revenue seen 32.5% higher at NZ$3.01 bln
    ** Stock hits highest since Sept. 22
    ** Company's shares down 29.7% YTD, as of last close
 ($1 = 1.7649 New Zealand dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))