UNIFREIGHT has announced inflation adjusted group revenue of $55 billion which is 115 percent above prior year restated revenue of $22 billion in its financial results for the half year ended June 30, 2023.
“The Group continues to monitor costs under the current volatile environment. Tonnage grew by 50% from prior year (though 18 percent below budget), largely driven by tobacco volumes and increased FTL volumes from new vehicle assets.
“The group recorded a net profit before tax of $6 billion which is 30 percent below prior year due to increase in finance costs. Finance costs were driven by revaluation of foreign denominated loans obtained to finance new vehicles amounting to $44 billion.”