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Mainfreight shares rally after big earnings lift
Mainfreight's shares rallied sharply after it posted a strong earnings update.
Mainfreight's shares rallied sharply after it posted a strong earnings update.
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Robust sea and air freight rates and freight volumes buoy six-month performance.
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Mainfreight managing director Don Braid says he was completely blindsided by the news.
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Mainfreight has enjoyed a strong share price performance over an extended period of time.
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Shipping rates have gone up 400 per cent since July, says freight sector.
Mainfreight's six month financial results defied gloomy pandemic economic forecasts.
Logistics company Mainfreight had a strong first half.
The gain in shares follows a strong trading update and upbeat annual meeting yesterday.
Pre-tax profit more than doubles in first 17 weeks of trading this financial year.
Market news and views.
Global logistics group Mainfreight has weathered the Covid-19 storm.
All 275 of Mainfreight's branches worldwide are open.
Three companies have a combined three-and-a-half centuries of history on the road.
Auckland-based Mainfreight's net profit rose 28 per cent to $137.6m.
The Auckland-based company recorded a net profit of $137.6 million.
Mainfreight delivers strong half-year result and 22c interim dividend.
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Record profit has led to a record bonus payout for Mainfreight staff.
Mainfreight embarking on big investment based on its faith in Bay's future.