Radiant Logistics Inc: Surges on strong EBITDA growth

Radiant Logistics

12/02/2019 14:34

** Shares of third-party logistics company  RLGT.A  surge 11
pct to $6 premarket
    ** Co posts Q2 adjusted EBITDA of $12.5 mln, up 76 pct on
higher revenue in the United States, its biggest market
 urn:newsml:reuters.com:*:nPn5L1kHTa
    ** Co reports Q2 net rev margin of 24.5 pct vs 22.9 pct year
ago
    ** "Our positive trend of solid organic growth continued
both in terms of geography and service offering," CEO Bohn Crain
says
     ** Up to Monday's close, stock had risen 40 pct in the last
12 months

 (Reporting by Rama Venkat in Bengaluru)
 ((Reuters Messaging:
ramavenkat.raman.thomsonreuters.com@reuters.net))