Operating revenue was up 8%, from $382.4 million to $406.1 million, while after-tax profit rose 9%, from $37 million to $40.3 million.
Freightways' final dividend was up slightly at 9.75c on a year ago; a $15 million payout. Its shares were up 1.5% at $4.08 following the announcement Craigs Investment Partners broker Peter McIntyre said the result was ''reasonable'' and met forecasts.
''As expected, the second-half earnings before interest and tax, down 2%, was disappointing compared to the 9.6% in the same period last year,'' he said.
This was due to several factors, including slower retail sales, additional expenses and changes to product mix favouring deliveries to consumers, he said.
''With consensus net profit after-tax growth at 6%-7% we expect little change to the market's view on valuation for Freightways,'' Mr Young said.
Freightways said in a statement: ''Overall, we expect to be operating in a positive but slow growth environment for the foreseeable future. Based on Freightways' current forecasting, 2014 is expected to demonstrate similar overall year-on-year improvement as was achieved in 2013''.
Freightways' express package and business mail division and information management division posted record results, with revenue up 6% to $308 million and up 8%, at $100 million respectively.
Capital expenditure for the year ahead is expected to be about $14 million, up from $13 million last year, to underpin growth and development of both Freightways' operating divisions.
''Overall, cash flows are expected to remain strong throughout the 2014 financial year,'' the company said.
