Mark Troughear: Freightways CEO On The Company Reporting A Decrease In Net Profits Heather Du Plessis-Allan Drive podcast

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

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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.

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7749 episoder

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News

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

Heather du Plessis-Allan Drive

43 subscribers

published 2M ago

Del

MP3•Episode hjem

Indhold leveret af NZME and Newstalk ZB. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af NZME and Newstalk ZB eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

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

See omnystudio.com/listener for privacy information.

… continue reading

7749 episoder

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News

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