Freightways beats estimates with 24 percent gain in FY profit, sees more growth in 2013

Sun, 12 Aug 2012

By Jonathan Underhill Aug. 13 (BusinessDesk) - Freightways, the courier and data management group, posted a 24 percent gain in full-year profit, beating estimates, and forecast further growth in 2013 other than for its document destruction business. Profit rose to $37 million in the year ended June 30, from $29.9 million a year earlier, the Auckland-based company said in a statement. Sales rose 8 percent to $382 million. The latest year was marked by a series of acquisitions that deepened Freightways' investment in data management, including...

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