The Toll Group, one of Australasia's leading providers of integrated logistics, has released interim results for the six months ended 31 December 2011, with net profit after tax of A$158 million, down four per cent compared to the corresponding period, and sales revenue of A$4.4 billion, up five per cent. Total operating profit (EBIT) was A$248 million, down two per cent.
“These results highlight Toll’s robust underlying business model. Once again, Toll’s diversity is proving to be its strength in these challenging economic times. Our exposure to the resources sector as well as the faster growing markets in Asia has helped offset the difficult conditions in discretionary retail and in the manufacturing sector in Australia,” says Managing Directo, Brian Kruger.
“Despite the difficult conditions, our leading positions in many of our target markets have allowed us to continue to grow by winning business with existing and new customers. Our challenge going forward will be to focus on maximising returns from recent capital and acquisition expenditure and to take advantage of the many organic growth opportunities that we have in Australia and in our chosen overseas markets.
“Our One Toll initiative, which is already driving improved collaboration across the Group, as well as building brand recognition, will be a key driver for us in meeting that challenge.”
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