Freightways Limited announced unaudited consolidated financial results for the six months ended December 31, 2016. For the period, the company reported operating revenue of NZD 272,782,000 compared to NZD 254,898,000 for the same period a year ago. Operating profit before interest, income tax, depreciation and software amortization and amortization of intangibles was NZD 55,792,000 compared to NZD 51,187,000 for the same period a year ago. Operating profit before interest, income tax and amortization of intangibles was NZD 50,102,000 compared to NZD 44,999,000 for the same period a year ago. Operating profit before interest and income tax was NZD 49,296,000 compared to NZD 44,036,000 for the same period a year ago. Profit before income tax was NZD 44,585,000 compared to NZD 38,295,000 for the same period a year ago. Profit for the period attributable to shareholders was NZD 33,987,000 compared to NZD 27,748,000 for the same period a year ago. Basic and diluted earnings per share were NZD 0.219 compared to NZD 0.179 for the same period a year ago. Net cash inflows from operating activities were NZD 28,504,000 compared to NZD 32,287,000 for the same period a year ago. Payments for property, plant & equipment was NZD 8,098,000 compared to NZD 6,764,000 for the same period a year ago. Payments for software were NZD 1,865,000 compared to NZD 881,000 for the same period a year ago.

Capital expenditure for the full year 2017 is expected to be approximately NZD 24 million. Overall cash flows are expected to remain strong for the remainder of the 2017 financial year.