Freightways 1st-qtr profit rises 6.4%, putting it on track for annual earnings growth

Wed, 25 Oct 2017

By Jonathan Underhill Oct. 26 (BusinessDesk) - Freightways said sales and profit rose in its first quarter, putting the courier and information management company on track for annual earnings growth. Net profit was $15.1 million excluding certain items in the three months ended Sept. 30 from $14.1 million a year earlier, the Auckland-based company said in a statement. Operating revenue rose 7 percent to $143 million. The market update was provided to shareholders at their annual meeting today, the last at which Dean Bracewell will att...

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