Freightways says it will continue to grow by buying up more businesses on both sides of the Tasman during the next year.
The listed company has lifted its full-year profit by a quarter by shifting more packages and buying more data storage businesses.
Profit rose 24% to a record high of $37 million in the year to June compared with the previous year.
Sales rose 8% to $382 million due to higher volumes and prices from Australasian courier operations and the purchase of information management businesses on both sides of the Tasman.
The company declared a higher dividend of 9.5 cents and Freightways shares rose 1c (0.26%) to $3.91 on Monday.
Managing director Dean Bracewell says strategies put in place in recent years are paying off. He says Freightways expects revenue to continue growing, due to new acquisitions such as Iron Mountain, Filesaver and Dataprint, despite an uncertain global economy.
Mr Bracewell says a slump in the global recycled paper market led to a $1 million loss in the firm's information management business, and that's expected to increase to $1.2 million in the next financial year.
But he says both the information management and package and mail businesses are holding up, reflecting the state of the economy.
