close
MENU
Investment
3 mins to read

Troughear bullish on 2025 economic momentum

Jarden analyst Grant Lowe describes Freightways’ result as ‘good in a tough environment’, with capacity the key factor to restore margins.

WATCH: Freightways CEO Mark Troughear speaks with Jonathan Mitchell.

Key points
  • Net profit: $70.9m, down from $75.3m. 
  • Revenue: $1.2b, up from $1.12b.
  • Main takeaway: Another strong contribution from Allied Express in Australia helps to lift revenue at listed transport company in year ended June 30. 

 

 

 

Management at listed transport company Freightways are bullish about an economic turnaround next year to improve the company’s volumes and performance on both sides of the Tasman.

Its net profit in the year ended June 30 was $70.9 million, down from $75.3m last year. Revenue was up nearly 8% to

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jonathan Mitchell Mon, 19 Aug 2024
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Net profit: $70.9m, down from $75.3m. 
  • Revenue: $1.2b, up from $1.12b.
  • Main takeaway: Another strong contribution from Allied Express in Australia helps to lift revenue at listed transport company in year ended June 30. 

 

 

 

Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Troughear bullish on 2025 economic momentum
Investment,
105395
true