NZ's Move Logistics hits over 1-month low as COVID-19 drags earnings

Move Logistics

20/09/2021 01:45

** Shares of MOVE Logistics Group Ltd  MOV.NZ  fall as much
as 4.5% to NZ$1.49, their lowest since Aug 18
    ** The freight operator says ongoing level 4 lockdown in
Auckland region has hit MOV's trading over H1  urn:newsml:reuters.com:*:nNZW3jyLdZ
    ** Sees H1 earnings impacted by difficult trading conditions
    ** MOV says fuel division has seen fall in consumer demand,
while fewer goods in overall system is hitting freight division
    ** Co adds that it is maintaining full workforce
    ** Stock posts biggest intraday pct fall since Aug 26
    ** MOV has added 39.3% this year, as of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))