Move will fall short of operating earnings target

Tue, 03 May 2022

Move Logistics won't meet its targeted operating earnings for the year ending June 30 as it continues to grapple with economic headwinds.The company said earnings before interest, tax, depreciation and amortisation (ebitda) are likely to come in between $53 million and $56m compared with its previous guidance that ebitda would match the prior year's $61.3m."Move noted in its half-year update a significant decrease in fuel deliveries and the deferral of large infrastructure projects involving Move's specialist division," th...

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