Profits set to rise though impact of Queensland floods will be felt
By Rob McKay | February 3, 2011
Chalmers is looking at a 30 percent revenue rise in the six months to the end of December, compared with the same period the year before.
The listed trucking and port logistics firm revealed yesterday it expected to more than double its profit before tax – from $1.2 million to $2.8 million – as trading activity returned to normal following the global financial crisis.
Its container park cost recovery charges have helped.
Bolstering the bullish outlook was the company’s Brisbane facility surviving the city’s floods last month, though its business would be impacted.
“The effect of the floods on Chalmers business will see and initial reduction in profitability in January and possible February,” it says.
“However, it is expected that exports and imports will ramp up in response to contractual and infrastructure requirements for the remainder of the year.”