NZ's Freightways hits over 2-1/2 year high on higher HY profit

Freightways

17/02/2025 03:16

** Shares of Freightways Group  FRW.NZ  rise 2.9% to
NZ$11.3, their highest level since May 9, 2022
    ** New Zealand-based freight service provider posts NPAT of
NZ$44.7 mln ($25.64 mln) for HY25 vs NZ$40.9 mln last year
    ** Attributes profit rise to strong results in express
packaging business, which logged 13.2% jump in NPAT
    ** Co also declared dividend of 19 NZ cents, up from 18 NZ
cents last year
    ** Stock up 6.2% YTD, including current session's moves

($1 = 1.7431 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))