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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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Contact the Writer: jmitchell@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. 
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Inflation heading south, labour pressures easing: Troughear
Investment,
102766
true