Freightways announces final dividend on 6% profit lift
Freightways chief executive Dean Bracewell says it has been a challenging year for it express package and business mail division, particularly the DX Mail business.
Courier and data management company Freightways has announced a final dividend of 9.75 cents per share, this morning.
In an announcement to the stock exchange, the company confirmed its previously-flagged a 6% rise in net profit to $38 million in the year ended June 30, excluding one-offs, on revenue of $406 million, 6% higher than the previous comparable period.
The 9.75 cents fully-imputed dividend, representing a payout of $15 million, compared with the previous comparable period’s 9.5c per share dividend, for a payout of $14.6 million.
The final dividend will be paid on October 1, with the record date of September 13.
Freightways’ dividend reinvestment plan is not available for the final dividend.
Freightways managing director Dean Bracewell says it has been a challenging year for it express package and business mail division, particularly the DX Mail business.
He says the company expects modest earnings growth in the coming year from this part of the business.
Information management now accounts for 25% of its revenue and 27% of earnings before interest, tax and amortisation (EBITA).
David Williams
Mon, 12 Aug 2013
Mon, 12 Aug 2013
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Freightways announces final dividend on 6% profit lift
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