Larry Williams Drive

Mainfreight says its estimated profit before tax has improved nearly 66 per cent to $301.7 million after 26 weeks of trading. Estimated revenue after 26 weeks trading had improved 32.5 per cent to $3.01 billion, the international transport and logistics company said in a market update during an investor day presentation. The NZX-listed company will post its half year results on November 10. It outlined the profit estimate ahead of its 2023 half year result next month. A presentation by group managing director Don Braid and senior managers took investors through the company's global situation and outlooks, region by region. The New Zealand operation had shown good momentum in the 26 weeks, with all divisions trading ahead year-to-date. Profit before tax for the six months was up 55.2 per cent at $75m. Revenue was up 29.6 per cent at $645m. The New Zealand operation employed 2940 people in 88 branches and 28 locations. Planned capital expenditure on property and network development for New Zealand in 2023-2024