Tranz Rail smashes record

By Ray Lilley

Friday 5th May 2000

Record freight levels partly offset a 73% rise in fuel prices and costs which shaved $9 million from the bottom line result of Tranz Rail for the nine months to March.

The fuel costs increase disguised the profitability improvement of the group, which generated earnings of $38.5 million for the nine months to March, up $9.2 million (31%) on the same period a year earlier.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

WIN - Winton Announces Timing of its Interim Results for FY26
FBU - Fletcher Building Quarterly Volume Report for Q2 FY26
January 13th Morning Report
RAK - Rakon Receipt of Takeover Notice
January 12th Morning Report
GEN - Resignation of Corporate Counsel and Company Secretary
January 9th Morning Report
VSL - Confirmation of MD/CEO and Board changes
January 5th Morning Report
December 31st Morning Report