NZ's Freightways hits over 8-month high on upbeat Q1

Freightways

28/10/2020 23:51

** Shares of Freightways  FRE.NZ  jump as much as 3.8% to
NZ$8.56, their highest since Feb. 18
    ** Business mail services provider reports Q1 revenue of
NZ$211.7 mln ($141.56 mln), up 35% from last year  urn:newsml:reuters.com:*:nNZW221Cfr
    ** Reports Q1 NPAT of NZ$19.2 mln, up 43% from last year
    ** Stock posts its biggest intraday pct gain since Aug. 17;
biggest percentage gainer on the NZ benchmark index  .NZ50 
    ** Stock down 2.9% this year, as of last close

($1 = 1.4954 New Zealand dollars)

 (Reporting by Deepali Saxena)
 ((Deepali.Saxena@thomsonreuters.com; Twitter:
@deepalisaxenas;))