Brief: Midway Ltd Announces Exit From Logistics Business In WA

Midway

01/04/2022 08:10

April 1 (Reuters) - Midway Ltd  MWY.AX :
    * EXIT FROM LOGISTICS BUSINESS IN WA
    * TO WIND-DOWN AND EXIT ITS LOGISTICS BUSINESS IN WESTERN
AUSTRALIA
    * CANNOT JUSTIFY INVESTING ADDITIONAL RESOURCES TO GROW
BUSINESS
IN CURRENT ENVIRONMENT
    * LOGISTICS BUSINESS HINDERED BY COVID-19, SUPPLY DISRUPTION
INCLUDING LABOUR SHORTAGES AND INCREASED FUEL COSTS

Source text for Eikon:  urn:newsml:reuters.com:*:nASX3nlFG7
Further company coverage:  MWY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))