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Freightways lifts yearly benefit as express bundle, business mail division performs well

collected by :Victor Alphen

Courier and information management company Freightways lifted annual profit on the strength of volume growth and margin in the express package and business mail division and said it’s targeting earnings growth for the current financial year.

Basic earnings per share, before non-recurring items, lifted to 36.5 cents per share versus 35.1 cents per share in the prior period.
Directors declared a fully-imputed final dividend of 14.75 cents per share, a 2 per cent increase on the previous corresponding period of 14.5 cents per share.
AdvertisementThe express package and business mail division lifted operating revenue 8.7 per cent to $402.6m.
Its business mail operator, DX Mail, again expanded its postal delivery network in several locations throughout New Zealand to satisfy increasing demand for its overnight and five-day per week delivery of standard-priced letters.

according to

Heartland Bank boosted annual profit 12 percent as the country’s only locally-owned and listed bank managed to maintain relatively wide margins while expanding its loan book across all three of its main target sectors.
Net profit rose to $60.8 million, or 12 cents per share, in the 12 months ended June 30 from $54.2 million, or 11 cents, a year earlier, the Auckland-based company said in a statement.
That was in line with analysts’ expectations with First NZ Capital predicting profit of $60.2 million and Forsyth Barr’s Jeremy Simpson forecasting $59 million.
Net operating income rose 8.7 percent to $171.3 million, with the bank’s loan book expanding to $3.55 billion as at June 30 from $3.1 billion a year earlier.
Heartland expects annual earnings to keep rising in the current financial year, forecasting net profit of between $65 million and $68 million in the year ending June 30, 2018.
Heartland

according to

Heartland raises annual profit 12 %

14 August 2017The country’s only locally-owned and listed bank, Heartland Bank, has boosted annual profit 12 per cent, managing to maintain relatively wide margins while expanding its loan book.
Net profit rose to $60.8 million, or 12 cents per share, in the 12 months ended June 30 from $54.2m, or 11c a year earlier, the Auckland-based company said in a statement.
That was in line with expectations, First NZ Capital predicting profit of $60.2m and Forsyth Barr’s Jeremy Simpson forecasting $59m.
Heartland expects annual earnings to keep rising in the current financial year, forecasting net profit of between $65m and $68m in the year ending June 30, 2018.
The shares last traded at $1.86 and have gained 24 per cent this year, outpacing the 10 per cent gain on the S&P/NZX All Index.

 

Heartland

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