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TIL shares jump as earnings outlook improves

Staff reporters
Fri, 26 Jun 2020

TIL Logistics shares jumped almost 16 percent to 73 cents after the trucking company said annual earnings will beat the guidance it withdrew before covid-19 clouded up its outlook. The company expects to report earnings before interest, tax, depreciation and amortisation of between $25 million and $27 million in the 12 months ending June 30, down from the $28 million reported in 2019 but better than the $23 million-to-$24 million forecast in March that was later dropped. And TIL expects earnings in the 2021 June year to at least match...

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