Fliway shares gain 10% after announcing 1H earnings beat forecast

Fri, 29 Jan 2016

By Sophie Boot Jan. 29 (BusinessDesk) - Fliway Group's shares climbed 10 percent since announcing its first half earnings beat prospectus forecasts, as the freight and logistics company contained costs in the face of falling revenue. The shares rose 10 cents to $1.06 in early trading, a three-month high for the stock that was sold at $1.20 in an initial public offering last year. Auckland-based Fliway today announced that pro-forma net profit was between $3.3 million and $3.5 million in the six months ended Dec. 31, beating the forec...

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