Toll Holdings Profit $192 million, up 21%

Logistics company, Toll Holdings (ASX:TOL) have announced its first half results for FY 2013 to shareholders, investors and traders.

• Toll Holdings Net Profit $192 million, up 21 percent from $158 million.
• Managing director Brian Kruger said, "Overall, the company expects its results for the second half of the year to be better than for the same period last year."
• The results were inclusive of a $30 million impairment charge from a strategic review of Toll Marine Logistics Asia.
• The results also included a $52 million tax gain on the sale of Toll's vehicle distribution, refrigerated linehaul and warehousing business as well as a $22 million net gain from non-recurring items.
• Toll Global Resources, had higher earnings, from LNG projects, Toll Mining Services faced reduced customer activity and operational issues, Toll Global Forwarding had lower gross profits, Toll Global Express, lifted revenues.
• Toll holdings will distribute an interim dividend of 12.5 cents per share, up 1 cent, fully-franked.