Logistics and courier company Freightways has recorded a 5.8 percent decrease in net profit after weathering what its leaders believe to be the worst of the economic cycle in New Zealand and Australia.

Freightways announced its 2024 results to the NZX on Monday. It reported net profit after tax of $70.9 million, a reduction from its 2023 result that the company said was largely due to higher interest expenses.

Earnings before interest, depreciation, tax, and amortisation were $229.1m, up 6.6% from 2023.

Freightways CEO Mark Troughear explains further.

LISTEN ABOVE

Logistics and courier company Freightways has recorded a 5.8 percent decrease in net profit after weathering what its leaders believe to be the worst of the economic cycle in New Zealand and Australia.
Freightways announced its 2024 results to the NZX on Monday. It reported net profit after tax of $70.9 million, a reduction from its 2023 result that the company said was largely due to higher interest expenses.
Earnings before interest, depreciation, tax, and amortisation were $229.1m, up 6.6% from 2023.
Freightways CEO Mark Troughear explains further.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Mark Troughear: Freightways CEO on the company reporting a decrease in net profits

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b837187e-3def-42b2-8895-b1d1008793b7/transcript