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6 May 2024

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Fliway shareholders back $55.4 million takeover
Fliway Group shareholders have backed a $55.4 million takeover offer from Singaporean logistics firm Yang Kee Logistics, which will see another company leave the NZX. At a special meeting in Auckland today, almost 99 per cent of...

Fliway takeover at upper end of independent adviser's range
A $55.4 million takeover of NZX-listed logistics firm Fliway Group is at the upper end of an independent valuation range, and unless a better bid emerges the pros outweigh the cons, according to the deal's independent adviser report

Fliway board backs $55.4M takeover by Singapore's Yang Kee Logistics
Fliway Group's board is backing a $55.4 million takeover bid by Singaporean logistics firm Yang Kee Logistics which offers investors a 13 percent premium to its latest trading price, in a turbulent time for the transport firm since its listing in 2015

Fliway CEO Hawkseby optimistic of bouncing back after 'tough' 2017, shares gain
Fliway Group chief executive Duncan Hawkesby expects the transport and logistics firm will bounce back from a "tough" 2017 with all three business lines operating better than a year earlier

Fliway FY profit falls 31%, at top of guidance, on lost customer, Kaikoura quake
Fliway Group's annual profit came in at the top end of guidance, sliding 31 percent, as an operational restructure in response to a major customer loss and mounting freight costs from last year's Kaikoura earthquake staunched the decline

Fliway cuts earnings guidance as capacity constraints squeeze margins
Fliway Group cut annual earnings guidance as growing capacity constraints squeeze the listed transport and logistics firm's margins, even as revenue grows with rising transport volumes.Net profit is expected to be between $3.5 million...

Fliway first-half profit falls 39% as lost customer, Kaikoura quake hits earnings
Fliway Group first-half profit dropped 39 percent as the impact of a major customer's exit and higher freight costs caused by last November's Kaikoura earthquake weighed on the transport and logistics group

Fliway full-year profit jumps on strong first half, lower expenses
Fliway Group, the listed transport and logistics group, said full-year profit jumped 156 percent as lower costs made up for a drop in international revenue

Fliway shareholders back $55.4 mln takeover
Fliway Group shareholders have backed a $55.4 million takeover offer from Singaporean logistics firm Yang Kee Logistics, which will see another company leave the NZX

Fliway board backs $55.4 million takeover by Singapore's Yang Kee Logistics
Fliway Group's board is backing a $55.4 million takeover bid by Singaporean logistics firm Yang Kee Logistics which offers investors a 13 per cent premium to its latest trading price, in a turbulent time for the transport firm since...

Fliway CEO Duncan Hawkseby optimistic of bouncing back after 'tough' 2017, shares gain
Fliway Group chief executive Duncan Hawkesby expects the transport and logistics firm will bounce back from a "tough" 2017 with all three business lines operating better than a year earlier. Speaking to shareholders at today's annual...

Fliway FY profit falls 31pc, at top of guidance
Fliway Group's annual profit came in at the top end of guidance, sliding 31 per cent, as an operational restructure in response to a major customer loss and mounting freight costs from last year's Kaikoura earthquake staunched the...

Fliway first-half profit falls 39pc as lost customer, Kaikoura quake hits earnings
Fliway Group first-half profit dropped 39 per cent as the impact of a major customer's exit and higher freight costs caused by last November's Kaikoura earthquake weighed on the transport and logistics group. Net profit fell to...

Shares mixed as investors seek dividends
New Zealand shares were mixed as dividend payments weighed on investors' minds, with smaller payments from NZ Refining and Comvita dragging down those stocks and a bigger payment for Fliway Group stoking demand for the logistics company.The...

UPDATE: Fliway increases dividend as revenue growth stalls
Fliway Group declared a final dividend at the top end of its payout range, rewarding shareholders during a period when challenging conditions in international transport markets hurt revenue and left the transport and logistics group ha