Freightways 1st-quarter profit rises 7 percent , affirms growth expected in full year

Wed, 30 Oct 2013

Oct. 31 (BusinessDesk) - Freightways, New Zealand’s largest listed courier and data management company, said earnings grew 7 percent in its first quarter, driven by increased sales from express packages, putting it on track for full-year profit growth. Profit rose to $9.79 million in the three months ended Sept. 30, from $9.19 million a year earlier, the Auckland-based company said in a statement made in conjunction with its annual shareholders’ meeting. Sales climbed 4 percent to $104.69 million. “Our overall first-quarter performance is p...

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