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Financial Results for the Three Months to June 2010

Posted on 19 August 2010

The Mainfreight Group is pleased to report a net surplus after taxation and abnormals of $6.82 million for the first three months of the 2011 financial year; an increase of 148.2% on the previous year’s result of $2.75 million (excluding abnormals the increase was 69.5%).

Total revenue (sales) increased by 20.5% to $315.25 million, from $261.67 million in the comparative period last year (excluding foreign exchange, this represents an increase of 27.8%).

EBITDA increased 32.4% to $15.52 million, up from $11.72 million the year prior.

Business performance in all countries where we are domiciled; New Zealand, Australia, China and The United States during the first three months of the financial year improved following the trading trend of the previous six months.