NZSE:MFTLogistics
Does Mainfreight's (NZSE:MFT) Margin Pressure Hint at a Shift in Its Growth Strategy?
Mainfreight Limited recently released its half-year results, reporting sales of NZ$2.61 billion and net income of NZ$93.38 million, down from the prior year, along with an interim dividend of 85 cents per share approved by the board.
The results highlight that while Mainfreight achieved increased revenue, profitability was pressured, indicating the company faced higher costs or margin challenges during the period.
We’ll look at how Mainfreight’s earnings growth challenge may shape its...