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Hot Topic TARIFFS
Hot Topic TARIFFS
Investment
5 mins to read

Inflation heading south, labour pressures easing: Troughear

Dual-listed Freightways reports higher half-year revenue, lower net profit in the six months ended December.

Freightways chief executive Mark Troughear.

Key points
  • Net profit: Down 9.5% to $40.9m.
  • Revenue: Up 12% to $620.7m.
  • Main takeaway: Strong contribution from Allied Express helps to lift revenue at now dual-listed transport company in the six months ended December 31. CEO Mark Troughear tells NBR inflation heading south and labour market pressures easing. 

Dual-listed transport and logistics company Freightways says some economic pinch-points have started to ease thanks to the open borders, while its Australia-based Allied Express was delivering the financial goods.

Its revenue in the six months ended December 31 rose 12% to $620.7 million, driven by

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Jonathan Mitchell Mon, 19 Feb 2024
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Net profit: Down 9.5% to $40.9m.
  • Revenue: Up 12% to $620.7m.
  • Main takeaway: Strong contribution from Allied Express helps to lift revenue at now dual-listed transport company in the six months ended December 31. CEO Mark Troughear tells NBR inflation heading south and labour market pressures easing. 
Company profile
Inflation heading south, labour pressures easing: Troughear
Investment,
102766
true