Freightways has reported a solid performance for the 2024 financial year, despite the challenges posed by a constrained economic environment.
Total revenue increased by 6.6% year-on-year, while earnings before interest, tax, depreciation, and amortisation (ebitda) and net profit after tax (npat) also rose by 6.3% and 12.9%, respectively.
The company's e-commerce and parcel management division achieved revenue growth of 6.2% and ebitda growth of 11.6%.
However, the information management and waste renewal division had a mixed performance, with revenue up 9% but ebitda down 3.1%.
Freightways declared a final dividend of 21 cents per share, bringing the total dividend for the year to 40 cents per share.
The company said its focus for the near term is on margin improvement while maintaining and improving service quality.
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