30 Jul 2010

Higher earnings expected by Mainfreight

4:39 pm on 30 July 2010

Mainfreight expects gross earnings will be up to 30% higher in the three months to June than the $11.7 million it made in the same period a year ago.

At its annual meeting, the freight forwarder told shareholders that sales continue to pick up while costs remain under control.

Meanwhile, the company says it has identified firms in Europe and South America that will expand its international network, which also covers Asia, North America and Australasia.

But it's not naming names as yet.

Mainfreight's profit rose 2.5% to $36.6 million in the year to March.