August 20 - In its 2013 - 2014 financial year, Toll's revenue increased 1.1 per cent over the previous year to AUD8.8 billion (USD8.18 billion), with net profit after tax (before individually significant items) also up 5.7 percent to AUD298.5 million (USD
The company said that the "generally challenging market conditions experienced during the year" were overcome via restructuring and cost improvement initiatives, together with new contract wins.
Toll Global Logistics saw improved results from its Asian activities, with a continued solid result in Australia, whilst Toll Global Forwarding earnings benefitted from cost savings despite its markets remaining difficult.
Significant restructuring included the realignment of a number of businesses as two of the group's six divisions were amalgamated.
Toll Group managing director Brian Kruger said: "Over recent years, we have been investing in our Australian network businesses with significant capital being directed into new fleet and depots.
"Cost reduction programmes across the group started to deliver a lower cost base. Our ability to implement these types of programmes has been facilitated by a realignment of our core operating divisions, improved labour productivity, lower handling and linehaul costs and a group focus on driving continuous improvement and innovation.
"The external business environment remains difficult."
