NZCity NewsLinks -

Finance

5 May 2024

Search

FRW - ASX admission and listing date
Freightways Group Limited (NZX: FRW) is pleased to advise that, subject to the satisfaction of final listing conditions, the company will be admitted to the official list of the ASX, as a foreign-exempt entity

Freightways lifts half-year profit and revenue despite Covid lockdown turmoil
Freightways has bounced back from a lockdown-hit start to its first quarter to post net profit growth and a 7.7 per cent revenue increase for the half year. Calling it "our half of two quarters", the company posted a profit of $43.6m...

Freightways volumes halve under level 4 lockdown; hopes to avoid wage subsidy
Chief executive Mark Troughear says an increase in home deliveries doesn't make up for a drop in business-to-business deliveries which make up 80 per cent of its business.

Courier business Freightways profit lifts 4.8%; eyes e-commerce growth
Chief executive Mark Troughear sees further opportunities for growth across the company's courier businesses as e-commerce continues to grow.

Market share gains drive Freightways' net profit up by 4.6%
Express package company Freightways lifted its net profit by 4.8 per cent to $49.6m in the June year, driven by gains in market share and new customers.The company's revenue jumped by 27 per cent to $800.5m while its dividend came...

Rebounding property stocks lift sharemarket; Freightways hits new record
The sharemarket edged up as investors took a shine to property stocks, with several hitting new records.

Freightways Limited (NZX: FRE) Half Year Results to 31 Dec 2020 and Interim Dividend
FRE will continue to consider growth or acquisition opportunities that may be complementary to our existing operations and capabilities. We will return to paying a dividend in April 2021 based on the strong business performance in the first half of FY21

Freightways Limited (NZX: FRE) Appointment of New Director Mark Cairns
The Board has appointed Mark Cairns to the Board of Freightways, effective on 1 April 2021. Mr Cairns will also stand for election at the Annual Shareholders Meeting currently scheduled to be held on 28 October 2021

Freightways lifts profit, plans to buy Allied Express for A$160m
Freightways says it has increased annual earnings and plans to buy Allied Express Transport, one of Australia's biggest independently-owned courier and express freight providers, in a cash and share deal worth A$160m ($177.9m).The...

Freightways Limited (NZX: FRE) Acquisition of ProducePronto
Freightways is pleased to announce the acquisition of ProducePronto that will form a part of the Express Package Division. Freightways has signed a conditional sale and purchase agreement and expects to take ownership on 1 November 2021

Freightways Limited (NZX: FRE) Full Year Results to 30 June 2021 and Final Dividend
Last year, the Board chose not to declare a final dividend for FY20. We have had a record year across the business. The Board�is pleased to declare a full year dividend of 18 cents per share

Freightways result could get Covid boost, say brokers Forsythe Barr
Brokers Forsyth Barr expects to see a strong annual result from Freightways when it reports on Monday.The express package and information management company's profit for the June 2020 year fell by 25 per cent to $47.4 million due...

Freightways blames Covid-19 for 25% half-year profit fall
Express package and information management company Freightways said a decline in office activity during Covid-19 lockdowns was a factor in the 25 per cent fall in its first half net profit to $21.9 million.However, the company returned...