Freightways Group Reports Higher Fiscal Q1 Net Profit, Revenue
MT Newswires Live05:32
Freightways Group (ASX:FRW, NZE:FRW) reported fiscal first-quarter net profit after tax of NZ$26.2 million, compared with NZ$23.4 million a year earlier, according to a Thursday filing with the Australian and New Zealand bourses.
Operating revenue was NZ$408.3 million, up from NZ$347.1 million a year earlier.
Non-GAAP earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter were NZ$74.8 million, up from NZ$67.2 million the previous year.
The company's New Zealand shares rose around 2% in recent Thursday trade.
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