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Toll * Australia - Toll Holdings up 18 per cent, eyes Asia for expansion
Melbourne,Australia -Transport & Logistics -3 March 2009: -- Paul Little continues to defy worsening market conditions, bringing in a much-improved earnings result for Toll and declaring his intention to aggressively expand the company’s forwarding activities in Asia... Toll Holdings has announced an EBIT for the group, before acquisition amortisation charges and investment write-downs relating to Brambles and Virgin Blue, of $266.4 million compared to $226.4 million in the previous corresponding period, an increase of 18%... Revenue for the six months was $3.5 billion, an increase of 30% over the previous period of $2.7 billion for continuing operations. Revenue growth included $533 million relating to new acquisitions, principally relating to the BALtrans acquisition which was completed in April, 2008... (Picture: Paul Little)
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