Freightways first-half sales rise 7%, profit dips on year-earlier one-time gain

Sun, 18 Feb 2018

By Jonathan Underhill Feb. 19 (BusinessDesk) - Freightways reported a gain in first-half revenue although profit fell on the impact of a year-earlier one-time gain and a narrower earnings margin at its express package and business mail division. Profit fell to $31.4 million in the six months ended Dec. 31 from $34 million a year earlier when Freightways recognised a $4.5 million one-time gain, the Auckland-based company said in a statement. Sales rose 7.1 percent to $292 million. Freightways has steadily increased sales and earnings in...

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