Freightways' net profit rises despite NZ slowdown

Mon, 26 Aug 2019

By Rebecca Howard Aug. 26 (BusinessDesk) - Freightways reported a lift in earnings as it raises prices and seeks to increase its efficiency against the backdrop of a slowing economy. It is targeting year-on-year earnings growth in the current financial year. Freightways, which delivers some 50 million items annually through brands including New Zealand Couriers and Post Haste Couriers, reported a 2 percent lift in net profit to $63.4 million in the year to June 30. Total revenue rose 6 percent to $615.7 million. Earnings before intere...

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