Freightways Group (ASX:FRW) has announced expectations for economic difficulties to carry on through fiscal year 2024.

Moreover, the company has disclosed plans to apply for admission to the official list of the Australian Securities Exchange (ASX).

With a hopeful outlook, Freightways Group is awaiting resurgence in demand across its New Zealand enterprises.

There has been a notable increase in the operating revenue by an astonishing 29% from the previous year.

Given the approval by ASX, the company is set to officially list mid-September 2023.

The net profit for the fiscal year tallied at NZ$75.3 million, marking an uplift of 7.3%.

The company has declared a fully imputed final dividend of 19 NZ cents per share.

Over the course of the longer term, there’s a potential for revenue and profitability expansion on both sides of the Tasman.

Freightways Group is a leading provider of express package services and business mail throughout New Zealand and Australia.