Toll first half up 53pc
- Latest News
- Monday, 28 February 2011
Managing director Paul Little said organic growth was seven per cent.
"We have delivered growth both organically and through acquisition in a period of economic and environmental challenges," Little said.
"Our Australian businesses (showed) strong results in a difficult market.
"The Australian fast moving consumer goods and industrial segments remain impacted by the global downturn and reduced consumer confidence, while some businesses had earnings affected by natural disasters.
"After another year of growth, Toll's Global Forwarding division is now just outside the world's top 10, generating revenue for the half of A$901 million.
"As we predicted, it is achieving improved margins with both air and sea volumes growing strongly over this period.
"Toll Global Resources has been an excellent performer with revenue rising seven per cent to A$371 million and first half earnings topping A$50 million for the first time.
"The strength of Toll's presence in the resources sector has proven to be a real advantage for the company through the global financial crisis."
