18 Feb 2013

Record profit at Freightways

7:09 pm on 18 February 2013

The courier and data management company Freightways has announced a profit of $21 million in the six months to the end of December, an increase of 10% compared with the same period a year earlier.

Revenue rose 8% to top $200 million for the first time, with its main express package business rising 6% to $158 million. Revenue from its information management arm rose 15%.

Freightways' chief executive Dean Bracewell says the result has been a achieved despite slow growth.

The company expects to be operating in a slow growth environment for the foreseeable future, but says the firm's well placed to be able to take advantage of any improvement in trading.

Freightways declared an interim dividend of nine cents a share compared with 8.5 cents per share in 2012.