NZ's TIL Logistics sees best day in over 2-1/2 years, lifts FY EBITDA outlook

Move Logistics

26/06/2020 01:33

** Freight and logistics company TIL Logistics Group Ltd
 TLL.NZ  gains as much as 19.1% to NZ$0.750, its biggest
intraday percentage gain since Nov. 15, 2017
    ** Co sees its FY earnings before interest, taxes, 
depreciation, and amortization (EBITDA) to be between NZ$25m and
NZ$27m ahead of outlook provided in March  urn:newsml:reuters.com:*:nL8N2E26G4
    ** Co in March provided EBITDA forecast of NZ$23 mln - NZ$24
mln and later withdrawn due to COVID-19 
    ** TIL says its FY21 EBITDA is expected to be at least as
much as FY20 EBITDA
    ** Stock hits its highest level since April 22
    ** About 45,000 shares change hands, compared with the
30-day average of about 23,000 shares
    ** Stock     down 45.2% this year, as of last close
       

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