Freightways 1st-qtr profit gains 9.9% on flourishing economy

Wed, 26 Oct 2016

Oct. 27 (BusinessDesk) - By Fiona Rotherham Courier and information management company Freightways, seen as a bellwether for the New Zealand economy, has reported an upbeat start to the 2017 financial year. In a first quarter update at the company’s annual meeting in Auckland today, Freightways reported a 5.6 percent rise in operating revenue to $133 million for the three months ended Sept. 30, while net profit rose 9.9 percent to $14.8 million. Freightways has been a solid performer since listing on the NZX in 2003, having only once r...

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