bullish

Mainfreight: 1H23 Result Initial Thoughts

246 Views17 Nov 2022 08:01
Broker
Consistent with its pre-release at its 21 October 2022 investor day, Mainfreight (MFT) reported 1H23 PBT up +66%, and a similar increase in NPAT; All regions and products provided positive profit growth, albeit pressures on Air & Ocean (A&O) in 2H23-to-date trading are increasingly apparent as it cycles tough comparatives through 2H22 and is exposed to declining sea freight rates.
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Forsyth Barr
New Zealand Professional Investment Services Firm
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