Brief: Freightways Says Full Year Capital Expenditure Is Expected To Be NZ$35M

Freightways

19/02/2024 01:18

Feb 19 (Reuters) - Freightways Group Ltd  FRW.NZ :
    * FULL YEAR CAPITAL EXPENDITURE IS EXPECTED TO BE NZ$35M
    * DECLARED AN INTERIM DIVIDEND OF 18 NZ CENTS PER SHARE
    * FOCUS WILL BE ON RESTORING MARGINS FOR BOTH DIVISIONS IN
FY25
AND FY26
    * HY TOTAL REVENUE NZ$620.7 MILLION, UP 12.4%
    * VICTORIAN MED-X FACILITY IS EXPECTED TO BE OPERATIONAL
FROM Q4
    * WILL CONTINUE TO CONSIDER ACQUISITION OPPORTUNITIES THAT
ARE
COMPLEMENTARY TO OUR EXISTING OPERATIONS
    * EXPECT THAT FY24 WILL REFLECT TAIL OF MUCH
HIGHER-THAN-AVERAGE
LABOUR COST INCREASES

Source text for Eikon:  ID:n426370-5 
Further company coverage:  FRW.NZ 

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