Record Highs brown road sign

New Zealand’s Stuff writes:

In the midst of the coronavirus pandemic, transport company Mainfreight is increasing its market share, boosting profits and dividends, and continuing to invest for future growth.

New Zealand’s largest transport company on Wednesday reported a 23 per cent increase in after-tax profit to $72.9 million for the six months to September 30, and lifted its dividend payment by 20 per cent to 30 cents a share.

“This result reflects the strong improvement in performance in our Australian and New Zealand operations, supported by ongoing progress in our Asian business,” said managing director Don Braid. Profit fell in the Americas and Europe, but Braid said trading had improved in those regions since September 30.

“This supports an optimistic view of ongoing improvement in both regions, notwithstanding the reintroduction of Covid-19 related lockdowns and restrictions,” he said.

To read the full post. please click here.

Now read this: “Mainfreight Financial Results for the six months ended 30 September 2020“.

And this: “Australia credited for strong Mainfreight interim growth“.

Shares down 0.8%, trading close to its record high of NZ$60.1 (set today).

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