Fliway cuts earnings guidance as capacity constraints squeeze margins

Tue, 06 Jun 2017

By Paul McBeth June 7 (BusinessDesk) - Fliway Group cut annual earnings guidance as growing capacity constraints squeeze the listed transport and logistics firm's margins, even as revenue grows with rising transport volumes. Net profit is expected to be between $3.5 million and $3.8 million in the 12 months ending June 30, down from a previous forecast range of $4.2 million to $4.4 million, Fliway said in a statement. Earnings before interest, tax, depreciation and amortisation are projected to be between $8 million and $8.3 million and...

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