DGL Group beats forecast; buys up big

The chemicals firm saw rapid growth in its distribution and warehousing division after investing in network expansion (Image: supplied)

Dan Brunskill

Tue, 31 Aug 2021

DGL Group has reported a profit of A$11.3 million in its first annual result as a listed company, more than doubling profit and beating its own prospectus forecasts.Founder Simon Henry said he expects to beat the prospectus forecasts again as his firm makes a raft of acquisitions in the new financial year.The company, formerly called Dangerous Goods Logistics, listed on the ASX and NZX in May raising A$100m of new capital with a valuation of A$257m.Since then, DGL’s share price has more than doubled, climbing from an initial public offeri...

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