Transport and logistics provider Toll Holdings Limited
(ASX:TOL) says it plans to increase the spread of its businesses across different markets and geographies in an effort to combat tough economic conditions.
Speaking at the company’s annual general meeting incoming CEO, Brian Kruger, said Toll is very well positioned to manage current challenges in the local and international economic climate.
Mr Kruger also said he expects strength in the resources sector to offset any softness in the discretionary retail sector.
Earlier this week Toll advised its long-serving managing director, Paul Little, will take home an extra $1.5 million when he leaves the company at the end of the year.
In the 2011 financial year Toll Holdings reported a net profit of $295 million.
