Brief: Freightways Group Says Expect Economic Challenges To Continue Through FY24

Freightways

20/08/2023 21:46

Aug 21 (Reuters) - Freightways Group Ltd  FRW.NZ :
    * EXPECT ECONOMIC CHALLENGES TO CONTINUE THROUGH FY24
    * WILL TODAY APPLY FOR ADMISSION TO OFFICIAL LIST OF ASX
    * LOOK FORWARD TO A RESUMPTION OF DEMAND ACROSS OUR NEW
ZEALAND
BUSINESSES
    * FY OPERATING REVENUE INCREASED BY 29% FROM LAST YEAR
    * SUBJECT TO ASX APPROVAL, EXPECTS TO BECOME OFFICIALLY
LISTED IN
MID-SEPTEMBER 2023
    * FY TOTAL NET PROFIT NZ$75.3 MILLION, UP 7.3%
    * DECLARED A FULLY IMPUTED FINAL DIVIDEND OF 19 NZ CENTS PER
SHARE
    * POTENTIAL TO GROW REVENUE AND PROFITABILITY ON BOTH SIDES
OF
TASMAN IN LONGER TERM

Further company coverage:  FRW.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))