NZ's Freightways hits one-month high after upbeat quarterly trading update

Freightways

28/10/2026 23:47

** Shares of Freightways Group FRW.NZ rise as much as 3.5% to NZ$12.750, their highest level since September 28 
** Stock hits its biggest intraday pct gain since October 8
** The freight services provider reports first-quarter revenue of NZ$408.3 million ($229.83 million), up 17.6% y/y
** Posts 12% y/y increase in NPAT to NZ$26.2 million
** YTD, Freightways stock down 12.3%, including the session's moves

   ($1 = 1.7765 New Zealand dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))