Brief: Freightways says capex for full year is expected to be about NZ$24 million

Freightways

19/02/2017 20:51

Feb 20 (Reuters) - Freightways Ltd  FRE.NZ  : 
    * Directors have declared an interim dividend of 13 cents 
per share 
    * Capital expenditure for full year is expected to be 
approximately $24 million 
    * "Overall cash flows are expected to remain strong for 
remainder of 2017 financial year" 
    * Volumes and activity evidenced in this first half result 
support freightways' expectations of again improving its overall 
year-on-year performance 
    * "Expectations are for improved performance from litsupport 
in second half of financial year" 
    * Hy net profit attributable to shareholders nz$34 million 
up 22% 
    * "Markets in which freightways operates in both new zealand 
and australia remain positive" 
    * Hy operating revenue $272.8 million, up 7 percent 
    * All figures in NZ$ 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nNZSb4qa 
Further company coverage:  FRE.NZ  
 
 ((Bangalore.newsroom@thomsonreuters.com;))