free daily newsletter
View all innovation growth

Toll shares fall 14% on profit forecast

Toll Holdings shares fell 14% this morning after the company said its pre-tax earnings for the financial year will be lower than the previous corresponding period.


The company says it now expects pre-tax earnings of between $400-420 million, down from the previously recorded $436 million.


Chief executive Brian Kruger, says the business had come under "continued pressure from the soft retail sector''.


''In addition, we had seen a deterioration of the performance of Footwork Express, and continued poor financial and operational performance in Toll Marine Logistics... particularly in Asia,'' he says.


This article first appeared on SmartCompany.

Follow SmartCompany on Facebook, LinkedIn and Twitter.

Free Daily Newsletter
Invalid Input

inside innovation: how 6 SMEs shook up business

Some know me as the
Business Bitch. Others just call
me Aunty B. I'm Smartcompany's
resident Agony Aunt.

t @IamAuntyB #AuntyB

Or you can email:


Want more helpful advice from Aunty B?

Read more now