Good Fiscal 2017 for Mainfreight; Lifting our FVE to NZD 18
Mainfreight reported adjusted NPAT up 17% to NZD 103 million in fiscal 2017 on a strong performance in New Zealand and improved performances in Australia and Europe. The result was good, with NPAT 6% ahead of our expectations. Management provided vague but positive guidance for earnings momentum to continue across most markets in fiscal 2018.The firm's differentiated offering and focus on sales growth should translate to market share gains in offshore markets, helping improve profit margins on ...
Mainfreight is engaged in the global supply chain logistics. As of Mar 31 2015, Co. had business operating in 242 branches in 20 countries around the world. Co. operates in the domestic supply chain (moving and storing freight within countries) and air and ocean freight industries (moving freight between countries). New Zealand, Australia, The Americas and Europe are each reported to management as one segment as the businesses there perform both domestic and air and ocean services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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