Toll results to fall short for first half 2010

TOLL Holdings Limited of Sydney has advised that, while operating profit before interest and tax for the current half year is currently expected to be up five to 10 per cent on the same period last year, trading conditions have recently softened in Australia and continue to be challenging in New Zealand.

Lower customer volumes are having an impact on the non-express parts of the business in particular. Offsetting the lower volumes in Australia and New Zealand, we have seen stronger trading performances from the Toll Global Logistics and Toll Global Resources businesses.

Toll Global Forwarding is also beginning to see improving volumes and the benefits of recent acquisitions said managing director Paul Little in a statement.
(Source:www.schednet.com)