Freightways Limited announced unaudited earnings results for the first quarter ended September 30, 2016. For the quarter, the company reported operating revenue of $133,868,000 against $126,783,000 a year ago. EBITDA was $25,459,000 against $25,296,000 a year ago. EBITA were $22,679,000 against $22,215,000 a year ago. NPATA were $15,226,000 against $13,951,000 a year ago. NPAT was $14,808,000 against $13,479,000 a year ago. Diluted earnings per share were $0.05 against $0.02 a year ago. Cash flows from operating activities were $29,440,000 against $23,801,000 a year ago. The quarter-on-quarter decrease was mainly due to lower EBITDA and higher depreciation partially offset by a gain in the fair value of undesignated hedges.

The company's capital expenditure for the full year of 2016 is expected to be approximately $23 million to support the growth and development of both Freightways operating divisions. Overall cash flows are expected to remain strong throughout the 2017 financial year.