Good figures push Toll's turnaround
The Toll Group, an Australian-based subsidiary of Japan Post, has reported its results for its financial year 2022 which ended on 31 March 2022. Revenues amounted to USD 7.6 billion, while ebit remained at a modest USD 341 million.
The Toll Group, which sold its loss-making global express business to Allegro Funds in 2021, witnessed a USD 1.1 billion net loss in the financial year 2021. In 2022, Global Logistics posted revenues of USD 3.3 billion and an ebit of USD 137 million.
Strong performances in government contracts in Australia and Singapore contributed to the result. Managing director Thomas Knudsen underlined that the group “continues to grow in Asia, which now accounts for 38% of our revenue.” (sh)