Brief: Freightways Ltd Declared Final Dividend Of 19 NZ CPS

Freightways

21/08/2022 21:50

Aug 22 (Reuters) - Freightways Ltd  FRE.NZ :
    * DECLARED FINAL DIVIDEND OF 19 NZ CPS
    * OVERALL FY22 REVENUE REACHED NZ$873.1 MILLION, 9% INCREASE
    * FIRST 6 WEEKS OF FY23 HAVE BEEN CHARACTERISED BY  1%
DECLINE IN
EXPRESS PACKAGE ITEMS CONSIGNED
    * TARGETING A 50% DROP IN SCOPE 1, 2 AND 3 EMISSIONS BY 2035
    * IN FIRST 6 WEEKS OF FY23, EXISTING CUSTOMERS ARE TRADING
5%
LOWER THAN IN PCP
    * IN FY23 EXPECT THAT FUEL LAG WILL ALLOW TO RECOUP SOME OF
LOSSES
WE EXPERIENCED IN FY22
    * FY NET PROFIT FROM CONTINUING OPERATIONS NZ$70.2 MILLION,
UP
46.4%
    * IN FY23, EXPECT OPERATIONAL LABOUR COSTS TO INCREASE BY
AROUND
11% ON PCP

Further company coverage:  FRE.NZ 

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