Brief: Freightways says HY net profit after tax increased by 5% to NZ$28 million
21/02/2016 20:48
Feb 22 (Reuters) - Freightways Ltd FRE.NZ : * Half year results to 31 December 2015 and interim dividend * HY operating revenue increased by 5% to NZ$255 million * HY net profit after tax (npat) increased by 5% to NZ$28 million * Directors have declared an interim dividend of 12.75 nz cents per share * Says Freightways is positioned in markets that are expected to deliver long-term growth * Overall cash flows are expected to remain strong throughout the 2016 financial year" * Says given the current volatility in markets around the world, Freightways is cautious in its outlook * Capital expenditure for full year is expected to be about $20 million to support the growth and development of both Freightways operating divisions * Says information management division is expected to continue to improve its year-on-year performance * Says express package & business mail division is expected to perform at similar levels to the prior year * Source text for Eikon ID:nNZW4pqn61 ((For more news, please click here FRE.NZ )) ((Bengaluru Newsroom; +91 80 6749 1130))