QUEENSLAND trucking, logistics and supply chain operator Lindsay Australia has announced it expects a rise in profits of over 50% at the end of the financial year.
The company has projected a full year consolidated after tax profit of between $3.6 million and $4.1 million despite the global financial crisis.
Lindsay said it expects to build upon its $2 million profit announced for the same period last year, despite sections of the industry reporting a credit shortage and a fall in growth.
Lindsay Chief Financial Officer Graham Johnston says while it is difficult to forecast such a prediction given the global financial crisis, it is based on the businesses trends over the last nine months.
Add a comment