Freightways Limited Announces Consolidated Earnings Results for the Year Ended June 30, 2017; Provides Cash Flow and Capital Expenditure Guidance for the Fiscal 2018; Declares Final Dividend Payable on October 2, 2017
August 13, 2017 at 05:50 pm EDT
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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.
Freightways Group Limited is engaged in the operation of express package and business mail services and information management services. It operates in three segments: Express package and business mail, Information management, and Corporate and others. The Express package and business mail segment comprises of network (hub and spoke) courier, express freight, refrigerated transport, point-to-point courier, and postal services. The Information management segment comprises of secure paper-based and electronic business information management services. This segment also comprises secure handling, treatment and disposal of clinical waste, waste renewal, and related services. Corporate and others segment comprise of corporate, financing and property management services. It provides archive management services for documents and computer media, including storage, retrieval, and destruction services. It also offers secure handling, treatment and disposal of clinical waste and related services.
Freightways Limited Announces Consolidated Earnings Results for the Year Ended June 30, 2017; Provides Cash Flow and Capital Expenditure Guidance for the Fiscal 2018; Declares Final Dividend Payable on October 2, 2017