Mainfreight Limited (NZX: MFT) Unaudited Half Year Financial Results 30 September 2020

Mainfreight is pleased to announce our half-year financial results to 30 September 2020 which are in line with the guidance issued in October, and a satisfactory improvement on the same period in the prior year.

Revenue $1.609 billion Up $108.39 million or 7.2%

Profit before tax $102.26 million Up $19.42 million or 23.4%

This result reflects the strong improvement in performance in our Australian and New Zealand operations, supported by ongoing progress in our Asian business.

Profitability in the Americas continues to improve month by month, closing in on the prior year’s first half, and while our European operations are also trading behind the year prior at this point, we have seen improved trading subsequent to 30 September 2020. This supports an optimistic view of ongoing improvement in both regions, notwithstanding the reintroduction of Covid 19 related lockdowns/restrictions.

See the links below for more details:

Mainfreight Financial Statements to 30 September 2020

Mainfreight Commentary HY to 30 September 2020

MFT NZX Results Announcement to 30 September 2020

Mainfreight Distribution Notice Interim Dividend December 2020

Source: Mainfreight Limited

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