Brief: Cti Logistics Says FY Profit Before Tax Is Now Expected To Exceed Profit Before Tax For Previous FY By About 95%

CTI Logistics

03/08/2022 07:23

Aug 3 (Reuters) - CTI Logistics Ltd  CLX.AX :
    * FY PROFIT BEFORE TAX IS NOW EXPECTED TO EXCEED PROFIT
BEFORE TAX
FOR PREVIOUS FY BY ABOUT 95%
    * EXPECTED INCREASE IN PROFIT DUE TO HIGHER THAN EXPECTED
REVENUE
IN MAY AND JUNE 2022
    * ANNUAL REVENUE NOW EXPECTED TO INCREASE TO ABOUT A$282
MILLION
OR 18% ABOVE THAT OF PREVIOUS YEAR
    * EXPECTED ANNUAL REVENUE GROWTH DUE TO INCREASED FREIGHT
VOLUMES
AND INCREASED USAGE OF PREMIUM FREIGHT SERVICES

Source text for Eikon:  ID:nASXkqmYG 
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 ((Reuters.Briefs@thomsonreuters.com;))