TIL 1H operating earnings weaken on higher fuel costs, wages

Sun, 24 Feb 2019

By Gavin Evans Feb. 25 (BusinessDesk) - TIL Logistics says first-half operating earnings were about 1 percent lower than a year earlier, reflecting higher fuel costs, wages and road-user charges. The trucking firm reported earnings before interest, tax, depreciation and amortisation of $14.1 million for the six months through December. That was down from $14.2 million a year earlier, excluding $21.3 million of non-trading costs related to its reverse NZX-listing in October 2017. Sales rose 7 percent to $175.2 million, but net profit fe...

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