Freightways first-half profit jumps 21% as sales, margins grow from couriers, data management

Sun, 22 Feb 2015

Feb. 23 (BusinessDesk) - Freightways posted a 21 percent gain in first-half profit after lifting sales and fattening margins at its courier and information management units, allowing the company to declare a record interim dividend. Profit rose to $26.3 million in the six months ended Dec. 31, an all-time high for the interim result, from $21.7 million a year earlier, the Auckland-based company said in a statement. Sales climbed to $241.8 million from $218.3 million. Shares of Freightways rose 0.5 percent to $6.07 and have gained 29 perce...

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