Australia’s contribution to NZ-listed firm Mainfreight’s bottom line continues to expand, its half-year results show.
It reports, for the six months ending September 30, an unaudited revenue of $1.609 billion, up $108.39 million or 7.2 per cent on the prior corresponding period (pcp).
Its profit before tax sits at $102.26 million, up $19.42 million or 23.4 per cent on the pcp.
"This result reflects the strong improvement in performance in our Australian and New Zealand operations, supported by ongoing progress in our Asian business," the company notes.
Mainfreight's Australian contribution is recorded as A$403.21 million revenue, up A$42.79 million or 11.9 per cent, and profit before tax of A$30.56 million, up a huge AU$15.60 million, or 104.3 per cent.
This, Mainfreight notes, is "a very pleasing result from our Australian…