REPORTING SEASON: Toll Holdings (TOL)
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Figure 1: Toll Holdings 12 month chart
Integrated logistics provider, Toll Holdings Ltd. (TOL) released its FY13 results today.
Toll reported a slight lift in revenue to $8.7Billion. Total operating profit (EBIT) before non-recurring items was $426Million, up 3.7% despite the continuation of challenging market conditions throughout 2013.
NPAT (before non-recurring items) was up 3%. Toll’s non-recurring charges totalled $191Million after tax. Toll’s Resources unit posted strong returns even with the slowdown in 2H in the mining services sector.
The Resources unit was boosted by strong returns in its gas & oil division and its Australian Defence Force contract.
As expected Toll’s Global Logistics unit listed lower earnings after the sale of its Auto Vehicle Distribution business during the year but it still posted a 9% lift in profit. Toll’s2H dividend came in at $0.145.