Toll Holdings Net Profit Fall

Submitted by Share Trading on 26 February, 2010 - 07:28

Toll Holdings (TOL) have posted a 32 percent fall in their net profit to $107 million for the first half of the Australian financial year. Toll Holding stocks had a fall of $1.55, bringing the stock price to its 6 month low yesterday. The transport and logistics company blamed a 6 percent fall in revenue on the consequences of the GFC (global financial crisis). EPS stands at 22.1 cents (a fall of 22 percent), their dividend of 11.5 cents is the same as the corresponding period last year. Managing director for Toll has noted that the fist six months had been a tough environment in the logistics sector.