Mainfreight profit jumps 66% on stronger trading in Australia and NZ
Global logistics and freight forwarding company Mainfreight says improved trading in Australia and New Zealand drove its earnings sharply higher in the first half. The firm said its net profit shot up 66.4% to $155.4 million in the six months to September from a year earlier, which was affected by high operating costs. Revenue rose by 19.8% to $3.12 billion, resulting from a combination of increased customer activity and market share gains. “New Zealand and Australia…