Financial Results for Six Months to September 2011
The Mainfreight Group is pleased to report a record net surplus after taxation and abnormals of $29.08 million for the first six months of the 2012 financial year; an increase of 76.6% on the previous year’s result of $16.47 million. Excluding abnormals ($0.51 million after tax) the increase was 79.7%.
EBITDA performance was also at a record level for a first half result: $64.37 million, up from $35.13 million for the same period last year.
Total revenue (sales) increased 38.4% to $892.90 million from $644.94 million in the comparative period last year. (Excluding foreign exchange effects, this represents an increase of 42.9%).
Excluding Wim Bosman Group results, Mainfreight Group’s revenues improved by 4.8% (adjusted for foreign exchange, the increase is 9.3%), and EBITDA results were up 30.5% (excluding foreign exchange, 33.9%).
The second quarter has been a repeat of our first quarter results, with sales growth and enhanced profitability across most divisions in the Group. In particular, we achieved strong profit growth in our Australian Domestic operations. This trend of Group-wide improvement shows no sign of abating as we head into our third quarter with its traditional seasonal peaks.
Mainfreight half Year Results Presentation 2011
Mainfreight is pleased to provide you with a copy of a presentation delivered by its Group Managing Director, Don Braid, this morning (11 Nov 11) in relation to its half year financial results released to the market yesterday (10 Nov 11).
Financial Statements September 2011
Preliminary half year report on consolidated results (including the results for the previous corresponding half year). This report has been prepared in a manner which complies with generally accepted accounting practice and gives a true and fair view of the matters to which the report relates and is based on unaudited financial statements.
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