Cracker Result!!

Mainfreight Full Year Results to 31 March 2022 - NZX, New Zealand’s Exchange

Commentary

Mainfreight is pleased to confirm our full-year financial results to 31 March 2022; another record result and a more than satisfactory improvement on the prior year. These results should not come as a surprise to our shareholders and the market following our regular updates as a consequence of a highly disrupted year in the world of logistics.

Revenue $5.22 billion Up $1.67 billion or 47.2%
Profit before tax $489.4 million Up $227.0 million or 86.5%
Net profit $355.4 million Up $167.3 million or 88.9%

• Adjusted for foreign exchange impact, Group revenue is up 50.8%, and profit before tax is up 90.5%.
• There are no abnormal items in the current year. Costs associated with the closure of our Russian business have been included in the result.
• A final dividend of 87.0 cents per share has been authorised by the Board of Directors, payable on 22 July 2022.

We are pleased with this result, particularly in light of ongoing supply chain disruptions and pandemic-enforced lockdowns.