Toll's FY net profit jumps

Transport giant shelves M&A until returns improve, after posting profit rise from offloading operations.

Toll Holdings (TOL) will shelve acquisitions until returns improve as competition continues to hurt margins, after posting a 30% rise in full-year net profit.

Net profit for the year to June grew 30% to $92 million, from $71 million in the prior year, largely from a $55 million windfall on the sale of its auto vehicle and refrigerated linehaul businesses. 

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