UPDATED: Freightways stock rises to 3-week high on earnings growth, upbeat outlook

Mon, 18 Aug 2014

By Jonathan Underhill Aug. 18 (BusinessDesk) - Freightways stock rose to the highest in more than three weeks after New Zealand’s largest listed courier and data management company posted record full-year earnings, allowing it to pay its highest-ever dividend, and said it is upbeat about the outlook. The shares climbed 3.1 percent to $5.05, bringing this year's gain to about 7 percent. Profit excluding one-time items rose 12 percent to $43 million in the 12 months ended June 30 as operating revenue climbed 6 percent to $432 million. Net p...

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