QEX likely to raise 2019 targets after beating sales forecasts this year

Mon, 30 Apr 2018

By Paul McBeth April 30 (BusinessDesk) - NXT-listed QEX Logistics expects to raise its forecasts for the newly started 2019 financial year as strong Chinese demand for local dairy products helped it beat expectations for the 2018 period. The Auckland-based company, which joined the small-cap bourse in February, last week said its gross margins would be at least 10 percent higher than expected, and today confirmed that revenue was $31.5 million in the year ended March 31, generating a gross margin of 16 percent, with monthly parcels clear...

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