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Mainfreight has reported a net profit after tax and before non-recurring items of $29.4 million for the first nine months of the 2008 financial year.
That represented a $4.4 million or 17.5 per cent increase compared to the same period last year, the company said. Mainfreight said trading conditions during the third quarter were much improved on the year before. Strong performances in its domestic operations in this country and Australia and the international operations of CaroTrans were the highlights.
The total net surplus for the nine months to December, including abnormal gains on the sale of Mainfreight's interests in LEP International and Pan Orient, was $89.8 million. Continuing businesses - including Mainfreight's Asian acquisition, and Target Logistic Services, its latest acquisition in the US - contributed earnings before interest, tax, depreciation and amortisation of $52.7 million.
