Toll Holdings Limited
(ASX:TOL) says it is yet to experience a noticeable improvement in economic conditions despite a lift in business confidence in the wake of the federal election.
The transport and logistics company told shareholders that it expects underlying pre-tax earnings this financial year to be higher than in 2012-13 due to its focus on lowering costs and improving productivity.
It posted a 4 per cent rise in earnings before interest and tax to $426 million last financial year.
The company emphasised that the next few months will be critical to its full-year-result.
Toll chief executive Brian Kruger says its businesses exposed to the mining sector were under pressure from lower volumes and customers focused on lowering their own costs.
Toll generated a net profit of $92 million in fiscal 2013.
