New Zealand's TIL Logistics Group rises on strong results

Move Logistics

23/08/2019 05:57

** Shares of TIL Logistics Group Ltd  TLL.NZ  rise as much
as 8.13% to NZ$1.33, their highest since June 27
    ** Transport and warehousing services provider says FY
profit attributable was NZ$4 million ($2.55 million), against a
loss of NZ$12.2 million a year ago  urn:newsml:reuters.com:*:nNZW6rc1lB
    ** Co expects improved performance in FY20, driven by new
customer contracts and additional warehousing capacity, among
other things
    ** Stock is up for the fourth consecutive session
    ** Stock has fallen 18% this year, as of last close

($1 = 1.5664 New Zealand dollars)

 (Reporting by Soumyajit Saha)
 ((Soumyajit.Saha@thomsonreuters.com;))