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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
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

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Jonathan Mitchell Mon, 19 Aug 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: $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. 

 

 

 

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Troughear bullish on 2025 economic momentum
Investment,
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true