14 Feb 2011

Half year profit up at Freightways

11:37 am on 14 February 2011

Half year profit at Freightways has risen due to increased demand for its courier and information management services.

The company says its profit rose 9% to $16 million in the six months to the end of December.

Revenue rose 7% to $176 million, compared with the same period the previous year.

Managing director Dean Bracewell says the company is seeing a pick-up in demand for its services.

Mr Bracewell says he's optimistic about the next six months, but it's too early to say whether Freightways will maintain the growth into the second half.