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Article: AUST FREIGHT CO TOLL HOLDINGS EYES GOOD TAKEOVER OPPORTUNITIES.
- Article from:
- AsiaPulse News
- Article date:
- August 27, 2009
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SYDNEY, Aug 27 Asia Pulse - Australian freight company Toll Holdings Ltd (ASX:TOL) says there are likely to be good takeover opportunities coming up, as the freight transport company announced it returned to profitability for the full year.
Net profit recovered to A$270 million (US$223.24 million) for the 12 months to June 30 compared with a loss of A$695 million in the prior corresponding period, Melbourne-based Toll said in a statement on Thursday.
Profit from continuing operations, excluding write downs associated with Toll's sale of its stake in Virgin Blue, increased by 14 per cent to A$298 million, while earnings per share excluding one-off items ...