Qube Logistics $34.7m Profit 1H2013

Logistics company, Qube Logistics (ASX:QUB) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

• Qube Logistics Profit of $34 million, up from $8.2 million.
• Qube underlying revenue is up 32 percent to $526.3 million.
• Underlying net profit after tax (NPAT) was up 19 percent to $37.8 million.
• Qube managing director Maurice James said, "“The revenue and earnings growth in both the Logistics division and Ports & Bulk division demonstrates that Qube is in a sweet spot in the Australian economy with balanced exposure to the resources, container logistics and automotive sectors."
• Qube owns and operates 29 ports around Australia which are generally around non-containerised freight, predominantly in the automotive, bulk and break-bulk areas.
• Qube declared an interim dividend of 2.2 cents per share fully-franked, up from 2 cents.