Fliway pays special dividend as annual profit beats prospectus forecast

Thu, 27 Aug 2015

By Fiona Rotherham Aug. 28 (BusinessDesk) - Fliway, the transport and logistics company that listed on the NZX in April, will pay a special dividend after reporting annual profit 33 percent above its prospectus forecasts mainly due to lower-than-expected listing costs. Net profit was $2.19 million compared to a prospectus forecast of $1.64 million, but still below last year’s $4.7 million, as expected, due to the one-off listing costs and a number of non-cash accounting adjustments, the company said in a statement. The Auckland-based b...

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