Business Scoop » saveBOARD gets Australian Govt funding to build NSW facility to turn beverage cartons into wallboards scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Photo: 123RF
The courier and data management company s net profit was down 25 percent to $21.9 million for the six months to December, compared with $29.2m a year ago.
Stripping out the increase in the acquisition price for refrigeration transport business Big Chill, its half year net profit was 41 percent higher than last year at about $41m.
Revenue for the company whose brands include New Zealand Couriers and Post Haste Couriers, rose by just under a third to $410m, reflecting the added contributions from the Big Chill business and increased deliveries to consumers.
Freightways chief executive Mark Troughear said trading over the past six months had translated into a very solid performance across all its business units.