Toll Holdings H1 climbs 53%

Company News

Toll Holdings Ltd (ASX:TOL) says it first half net profit climbed 53 per cent to $164 million in the six months to 31 December 2010.

In the same period the transport and logistics provider says revenue was up 28 per cent to $4.2 billion.

CEO Paul Little says Toll delivered growth organically and through acquisitions in a period of economic and environmental challenges.

The company has recently acquired UK based WT Sea Air and Genesis, United Arab Emirates based SAT and Australian based McLaughlin Freightlines.

Mr Little says the purchases were funded internally and are expected to add to Toll’s performance in the year ahead.

A fully franked interim dividend of 11.5 cents per share has been declared.

In the 2010 financial year Toll Holdings booked a net profit of $284.4 million.


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