Toll Holdings Limited (ASX:TOL) has posted a 21.2 per cent boost in its first half net profit of $192 million and remains confident of achieving stronger earnings in the second half.
Managing Director Brian Kruger says the company expects its results for the second half to be better than the same period last year through continued focus on winning business and improving operations, in essence, focusing on things they can control.
Mr Kruger said the interim result was underscored by productivity improvements, cost reduction, new contracts and a lift in revenue.
Results included a $30 million impairment charge following a strategic review of Toll Marine Logistics Asia, as well as a $52 million after tax gain on the sale of Toll’s vehicle distribution, refrigerated linehaul and warehousing business.
Toll has declared a fully franked interim dividend of 12.5 cents per share.
TOL Price at posting:
$5.89 Sentiment: None Disclosure: Held
