Toll first half profit up 53% on acquisitions

Transport and logistics provider Toll Holdings said that acquisitions and organic growth contributed to a sharp gain in first-half profit, reported The Courier-Mail.


Toll reported net profit of US$166 million for December half, up 53 per cent from the previous first half. Revenue rose 28 per cent to $4.29 billion.


Toll managing director Paul Little said the company had success at winning new customers and retaining existing customers in most markets.


"While acquisitions continue to add significantly to revenue, a key feature of the result is the positive contribution from organic growth," Little said.
(Source:http://www.cargonewsasia.com)