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‘Significant’ profit and revenue slump at Mainfreight

Net profit falls 43% to $124.5 million in the six months ended September 30.

Half-year had been one of its toughest to navigate.

Listed transport heavyweight Mainfreight has reported a sharp decline in profit and revenue, as the company returns to more “normalised” trading activity.

Net profit in the six months ended September 30 fell 43% to $124.5 million, while revenue dropped about 22% to $2.36 billion. 

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Jonathan Mitchell Thu, 09 Nov 2023
Contact the Writer: jmitchell@nbr.co.nz
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‘Significant’ profit and revenue slump at Mainfreight
Investment,
101593
true