NXT-listed QEX Logistics says annual gross margins wider than anticipated

Sun, 22 Apr 2018

By Paul McBeth April 23 (BusinessDesk) - NXT-listed QEX Logistics, which joined the small-cap board in February, says annual gross margins were wider than anticipated, spanning a period when exports to China hit a quarterly record. When it listed, Auckland-based QEX forecast revenue of $26 million in the 2018 March year at a gross margin of 14.3 percent, but today said its early review of the trading results showed it was likely to exceed that margin by more than 10 percent, implying gross profit of at least $4.1 million. The company wil...

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