Freightways reports steady earnings rise; forecasts more economic growth in year ahead

Mon, 15 Aug 2016

By Fiona Rotherham Aug. 15 (BusinessDesk) - Courier company Freightways delivered a steady if unspectacular full-year result with both increased revenue and profits driven by increased migration and higher consumer demand, and is predicting incremental growth in the year ahead. The Auckland-based company reported a 5.4 percent revenue increase to $505.4 million for the year ended June 30 2016, while underlying profit, before one-off items, rose 8 percent to $54.4 million. There was a non-recurring charge of $6.3 million relating to the...

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