Latest news from Heavy Lift & Project Forwarding International Magazine

Increased profits for Toll

February 25 - Toll Holdings, the Asia-based transport and logistics provider, recorded an 18 0ncrease in reported profits after tax to USD173 million and a 28% jump in revenue to USD4.2 billion for the six months ended 31 December 2010.

Paul Little, the Toll Group managing director, said growth was achieved both organically and through acquisition, despite economic and environmental challenges.

"Our Australian businesses demonstrated again why they are leaders in their segments with strong results in a difficult market," he said.

"The Australian FMCG and industrial segments remain impacted by the global downturn and reduced consumer confidence, while some businesses had earnings affected by natural disasters.

"The redevelopment of the Toll Offshore Petroleum Services base in Singapore continued well in this period, with good progress being made in signing up tenants. A new wharf facility will be completed on site shortly, opening up another revenue stream for the business."

Heavy Lift | News

Crosby delivers training courses thumbnail image

Crosby delivers training courses

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Egbert joins at Weserport thumbnail image

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Ritchie realigns in North America thumbnail image

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