Freightways posts 5.5% gain in first-half profit, sees challenges in second half

Sun, 21 Feb 2016

By Fiona Rotherham Feb. 22 (BusinessDesk) - Freightways Limited, the courier and logistics business, posted a 5.5 percent gain in first-half profit on strong earnings from its information management division in New Zealand and Australia but warned conditions will be challenging in the second half. Net profit for the six months ended Dec.31 rose to $27.7 million, from $26.3 million a year earlier, the Auckland-based company said in a statement. Operating revenue rose 5 percent to $255 million, although the year-earlier period included four...

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