UPDATE: Fliway increases dividend as revenue growth stalls

Mon, 22 Aug 2016

(Updates and recasts with comments from chairman) By Jonathan Underhill Aug. 23 (BusinessDesk) - Fliway Group declared a final dividend at the top end of its payout range, rewarding shareholders during a period when challenging conditions in international transport markets hurt revenue and left the transport and logistics group having to cut costs to lift earnings., Profit rose to $5.6 million in the year ended June 30, from $2.19 million a year earlier, Auckland-based Fliway said in a statement. Sales fell 1.8 percent to $82.6 millio...

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