Move takes stock after profits stall

Dunphy: Move will be changing gears. (Image: Supplied)

Thu, 26 Aug 2021

Chris Dunphy, the new man at the helm of Move Logistics, will conduct a business review of the firm after it reported a 57% drop in net profit after tax to $870,000 for the year to June, from $2 million the prior year.The freight and logistics company, which rebranded last month from TIL Logistics, reported a 6.6% increase in earnings before interest, tax, depreciation and amortisation to $61.3m largely in line with its July guidance. Revenue was up 6% to $353.2m.That was pared back by a $3.5m increase in depreciation to $46.4m due to the addit...

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