Fliway CEO Hawkseby optimistic of bouncing back after 'tough' 2017, shares gain

Wed, 18 Oct 2017

By Paul McBeth Oct. 19 (BusinessDesk) - Fliway Group chief executive Duncan Hawkesby expects the transport and logistics firm will bounce back from a "tough" 2017 with all three business lines operating better than a year earlier. Speaking to shareholders at today's annual meeting in Auckland, Hawkesby said 2017 was "a tough year financially" although a number of those costs were one-offs and the results are starting to improve. Fliway posted a 31 percent decline in annual profit to $3.9 million in 2017, even as revenue edged up 3.4 perc...

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