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Hot Topic EARNINGS
Investment
3 mins to read

Move Logistics’ HY loss narrows, while Millward takes full charge

Listed transport and logistics company puts a sharp focus on cutting costs and improving margins.

Interim CEO Paul Millward has become permanent, effective immediately.

Key points
  • Revenue: $148.4m, compared with $158.3m.  
  • Net loss: $8.9m, compared with $10.7m.  
  • Main takeaway: Improved performance as company targets cost cutting and improved margins. Interim CEO Paul Millward confirmed as permanent today.

Listed transport company Move Logistics has narrowed its half-year loss as it targets cost cutting and better margins.

The company reported a loss of $8.9 million in the six months ended December 31, compared with the previous-half loss of $10.7m. Total revenue fell 6% to $148.4m.

Operating expenses

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Jonathan Mitchell Fri, 28 Feb 2025
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: $148.4m, compared with $158.3m.  
  • Net loss: $8.9m, compared with $10.7m.  
  • Main takeaway: Improved performance as company targets cost cutting and improved margins. Interim CEO Paul Millward confirmed as permanent today.
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Move Logistics’ HY loss narrows, while Millward takes full charge
Investment,
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