TIL downgrades earnings by up to 40%, suspends first-half dividend

TIL downgrades earnings by up to 40%, suspends first-half dividend
Jenny Ruth
TIL Logistics is expecting first-half operating profit will be down as much as 40 percent and has suspended its first-half dividend.The freight and logistics company said it expects earnings before interest, tax, depreciation and amortisation for the six months ended December will come in between $8.4 million and $8.8 million compared with $14.1 million in the same six months of 2018. Of that, TIL's freight division ebitda is expected to be about $4.1 million lower than in the previous first half. That's excluding the impact of the new acc...

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