Mount Gambier-based South Australian transport and logistics company K&S Corp makes record $10m first-half profit K&S Corporation managing director Greg Stevenson. MOUNT Gambier-based transport company K&S Corporation lifted first-half net profit after tax to a record $10.1 million due to a continued solid performance in WA and eastern states. Revenues also grew 8 per cent to a record $293.5 million. The company, which has operations in all Australian states and New Zealand, said challenges remain in its rail and road linehaul business due to depressed volumes. Managing director Greg Stevenson said the group was pleased to see that the improved trading momentum from the second half of the 2011/12 financial year has carried forward into the first half of the 2012/13 financial year. "This pleasing trend includes our traditional eastern states businesses, although challenges remain," he said. Mr Stevenson said the current outlook for the domestic economy is uncertain with Australian manufacturing still in decline and mining activity slowing. K&S Corp did not provide an earnings guidance for the second half of the financial year. The group has three operating segments - provision of logistical services to customers within Australia, provision of logistical services to customers within New Zealand and distribution of fuel to fishing, farming and retail customers within the South East of South Australia. K&S Corp declared a fully franked interim dividend of 6.5 cents per share.