Toll Holdings Limited
(ASX:TOL) expects to increase its full year earnings despite feeling the bite of weaker economic conditions across some of its businesses.
CEO Brian Kruger says manufacturing and retail sector conditions remain difficult and have created some margin pressure for Toll operations.
Mr Kruger concedes there is no sign of a rebound in domestic or offshore retail sectors, as Toll’s global forwarding business also felt the impact of slower discretionary retail sales in the US and Britain.
Despite the hardships, Toll’s exposure to domestic oil and gas project is proving fruitful and an improved underlying full year result remains in the company’s sights.
Toll Holdings generated a net profit of $64.6 million dollars in the 2012 financial year.
