17 Aug 2015

Freightways delivers strong full year result

2:14 pm on 17 August 2015

Freightways says it has delivered a strong full-year financial result, driven by an improved performance across all businesses and regions.

The courier and information management company said its profit rose 16 percent to $43.3 million in the year ended in June, which included one-time costs of $6.5 million.

Revenue rose 11 percent to $479.5 million, from $432.3 million the year earlier.

The company will pay a final dividend of 12.5 cents a share, which is up 11 percent on the year earlier.

Freightways managing director Dean Bracewell said the current financial year was likely to see slower growth, which was in line with the weakness seen in the last three months of the financial year ended in June.

However, Mr Bracewell said the company had a robust and diversified base, which would give it some resilience in the current economic environment.

He said the company still expected to see growth, but not at the same rate as the past year.

The company will issue a trading update in October.