Freightways fattens margins, lifts earnings in 'strongest first quarter' in a decade; shares jump

Wed, 29 Oct 2014

By Jonathan Underhill Oct. 30 (BusinessDesk) - Freightways, the listed courier and data management company, affirmed it is on track to lift 2015 earnings after recording the strongest first-quarter performance in a decade, widening its profit margin on a 17 percent increase in sales. The shares surged to a record. Profit rose 37 percent to $13.4 million in the three months ended Sept. 30, from $9.79 million a year earlier, the Auckland-based company said in a statement. Operating revenue climbed to $122 million from about $105 million. Th...

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