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Hot Topic Hawke’s Bay
Investment
2 mins to read
1

TIL Logistics issues profit warning

Staffing costs and higher provisioning hit bottom line.

Sanjay Prakash Thu, 27 Jun 2019

Increased costs have triggered a profit downgrade at New Plymouth-based TIL Logistics Group.

In a statement to the NZX TIL said its net profit would be $6.8-7.1 million, not including a higher earn-out provision, down from its previous guidance of $7.8-8.8m provided in February.

The company

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Sanjay Prakash Thu, 27 Jun 2019
Contact the Writer: Sanjay@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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TIL Logistics Group TIL Logistics profit downgrade earnings guidance profit guidance logistics transport logistics trucking
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TIL Logistics issues profit warning
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