.
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.
- Forums
- ASX - By Stock
- TOL
- News: Toll to cut costs
News: Toll to cut costs
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TOL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online