New Zealand's TIL Logistics hits 5-1/2-mth low on revised H120 profit outlook

Move Logistics

17/01/2020 24:16

** Freight and logistics company TIL Logistics Group Ltd
 TLL.NZ  falls as much as 6.1% to NZ$1.070, its lowest since
July 31, 2019
    ** TIL Logistics is expecting H120 EBITDA of about NZ$8.4
mln-NZ$8.8 mln ($5.57 mln-$5.84 mln) compared with NZ$14.1 mln
last year  urn:newsml:reuters.com:*:nFWN29L0SB
    ** H120 EBITDA for the freight division is expected to be
about NZ$4.1 mln lower than 1H19
    ** Stock posts its biggest intraday percentage fall since
Sept 26, 2019
    ** Stock is worst performer in S&P NZX All Capital Index
 .NZCI 
    ** Stock on track for a second consecutive session of losses
    ** About 23,000 shares change hands, versus the 30-day
average of about 9,000 shares

($1 = 1.5074 New Zealand dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))