Brief: TIL Logistics Group Posts H1 Net Loss After Tax Of NZ$2.2 Mln

Move Logistics

02/03/2020 01:29

March 2 (Reuters) - TIL Logistics Group Ltd  TLL.NZ :
    * H1 TOTAL REVENUE NZ$174.6 MILLION, DOWN 0.4%
    * MAJOR FOCUS IN 2H20 WILL BE ON RESTRUCTURE AND TURNAROUND
OF NEW
TRANSPORT DIVISION,
    * FY20 EBITDA IS EXPECTED TO BE IN RANGE OF NZ$23 MILLION TO
NZ$24
MILLION
    * IMPROVED 2H (CF WITH 1H20) ANTICIPATED WITH NEW PROJECT
WORK IN
SPECIALIST DIVISION, BENEFITS FROM FREIGHT DIVISION TURNAROUND
    * START OF H2 HAS SEEN IMPACT OF CHINESE NEW YEAR AND
CORONAVIRUS
ON IMPORTS INTO NEW ZEALAND
    * H1 NET LOSS AFTER TAX NZ$2.2 MILLION
    * ASSUMES THERE IS NO MATERIAL NEGATIVE IMPACT FROM COVID-19
VIRUS
ON FY20 EBITDA

Source text for Eikon:  urn:newsml:reuters.com:*:nNZW8yLx5f
Further company coverage:  TLL.NZ 

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