Transport

Freightways posts a half of 'two quarters'

Brent Melville
Mon, 21 Feb 2022

Freightways posts a half of 'two quarters'
Omicron could affect customers' ability to send freight. (Image: supplied)
Brent Melville
Mon, 21 Feb 2022
Covid gave and it took away in a ‘half of two quarters’ for listed express package group Freightways during its half-year reporting cycle.The upshot was a doubling in net profit to $43.7 million for the six months ended Dec 31 from $21.5m a year earlier, when Freightways wore a $19.2m charge on the expected earnout from its Big Chill division. Stripping that out, profit rose 7.4% as revenue climbed to $442m from $410.3m. Freightways chief executive Mark Troughear said operating under various states of lockdown through both New...

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