TIL lowers net profit guidance on earlier relocation costs

Wed, 26 Jun 2019

By Rebecca Howard June 27 (BusinessDesk) - TIL Logistics lowered its full-year net profit guidance on increases in temporary staffing costs after its Move Logistics unit relocated to new warehouse facilities sooner than expected. The New Plymouth-based freight and logistics company now expects net profit of $6.8 million to $7.1 million in the year to June 30 versus prior guidance of $7.8 million to $8.8 million. It reiterated its earnings before interest, tax, depreciation and amortisation guidance of $28 million to $32 million. TIL h...

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