Mainfreight expects annual profit to rise as much as 7.1% on revenues in excess of $2 billion.
According to BusinessDesk, Mainfreight has said profit excluding abnormal items will be in a range of $80 million to $83 million in the year ending March 31, up between 3.2% and 7.1%.
Annual earnings before interest, tax, depreciation and amortisation will be between $156 million and $160 million, up between 4.6% to 7.2%, says Mainfreight. The result will be released May 27.
When reporting its first-half earnings, Mainfreight forecast annual revenue in excess of $2 billion and it says the number will between $2 billion and $2.05 billion, a rise of between 3.9% and 6.5% on a year earlier.
“We retain a positive outlook across the group for the 2016 financial year,” the company said in a statement.
Earnings before one-time items and foreign exchange movements rose about 17% to $33.7 million in the six months ended Sept. 30 when sales rose 3.6% to $987 million.
