THE slowdown in the mining sector and the uncertain business environment make it difficult to predict earnings for the year ahead, says transport and logistics firm Toll Holdings.
"It is too early to be certain about the shape of overall group earnings in 2014," Toll said on Thursday.
The company made a net profit of $85 million in the 2012/13 financial year, up 31 per cent from the previous year, on the back of solid earnings from its Australian businesses.
Managing director Brian Kruger said Toll was focused on doing more with its existing global businesses.
When one-off financial items were excluded from Toll result, its underlying profit was up three per cent in 2012/13 to $283 million.
One-off charges of $190 million included an impairment on Toll's Global Forwarding business, which provides international freight services, offset by smaller gains on the sale of several businesses.
The Global Forwarding business experienced a sharp decline in earnings, with air and ocean freight carriers continuing to perform poorly due to excess capacity and weak demand.
Its Global Resources business, providing services to the resources industry, generated earnings growth, boosted by the gas sector but tempered by a downturn in the coal sector.
Toll shares gained seven cents to $5.36.
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