Freightways Limited announced consolidated earnings results for the year ended June 30, 2017. For the year, the company reported operating revenue was $545,262,000 against $505,360,000 a year ago. Operating profit before interest, income tax, depreciation and software amortisation and amortisation of intangibles was $104,683,000 against $92,122,000 a year ago. Operating profit before interest, income tax and amortisation of intangibles was $93,031,000 against $81,361,000 a year ago. Profit before interest and income tax was $91,352,000 against $79,676,000 a year ago. Profit before income tax was $81,782,000 against $68,621,000 a year ago. Profit for the year attributable to the shareholders was $60,856,000 against $49,774,000 a year ago. Net cash inflows from operating activities were $65,257,000 against $61,794,000 a year ago. Payments for property, plant and equipment was $21,507,000 against $14,992,000 a year ago. Payments for software were $3,689,000 against $2,051,000 a year ago. Diluted EPS was 39.2 cents against 32.1 cents a year ago. EBITA, before non-recurring items was $89.3 million against $87.7 million a year ago. EBITA was $93.0 million against $81.4 million a year ago. NPAT, before non-recurring items was $56.6 million against $54.4 million a year ago. Basic EPS before non-recurring items was 36.5 cents against 35.1 cents a year ago.

The company announced the capital expenditure for the 2018 financial year is expected to be approximately $17 million. Operating cash flows are expected to remain strong throughout the 2018 financial year. Depreciation of $13.9 million.

The directors have declared a final dividend of 14.75 cents per share, fully imputed at a tax rate of 28%, being a 2% increase above the pcp final dividend of 14.5 cents per share. The company will pay dividend on October 2, 2017 with record date of September 15, 2017.