Freightways first-half profit rises 3 percent on growth in courier, data management units

Sun, 23 Feb 2014

By Suze Metherell Feb. 24 (BusinessDesk) – Freightways said profit grew 3 percent in the first half as New Zealand’s largest listed courier and data management company lifted earnings in both its business units. Net profit was $21.7 million in the six months ended Dec. 31, a record first-half result, from $21 million for the same period a year earlier, which including a one-time $1 million gain, the company said in a statement. Sales grew 6 percent to $218 million, while earnings before interest, tax, depreciation and amortisation was up 6...

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