Australia's largest logistics company, Toll Holdings has posted net profit for the year to June 30 of US$224.3 million, a turnaround from a loss of $576.8 million a year ago, Dow Jones reported.
Full-year revenue for the company rose 16 percent to $5.4 billion from $4.7 billion a year ago, Toll said, adding it was well positioned to make further acquisitions but that economic conditions remained difficult.
"Trading conditions in the short term are expected to remain generally flat with some improvement evident across Australia and Asia," Toll said.
"We are continuing to see real opportunities for acquisitions which match our long-term strategic vision," said managing director Paul Little.
"We see some very interesting future growth options both here in the region and around the world."
Net profit from its continuing operations rose 15 percent to $251.6 million, falling short of the $260.4 million forecast by the average of five analysts on Thomson Reuters.
The group said before non-recurring items and discontinued operations, net profit was up 14 percent to $247.5 million.
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