Fliway warns loss of major customer will hurt 2017 earnings

Sun, 12 Jun 2016

By Tina Morrison June 13 (BusinessDesk) - Fliway, the listed transport and logistics group, expects the loss of a large customer will hurt revenue and earnings next financial year. The customer, which Fliway didn't name, is consolidating its transport and logistics business with a rival following a competitive tender process, Auckland-based Fliway said in a statement. The customer contributes between 4 and 5 percent of Fliway's total revenue and will likely make up about 10 percent of Fliway's earnings before interest, tax, depreciation a...

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