TIL Logistics issues profit warning amid rising fuel costs, bad weather

Sun, 08 Jul 2018

By Margreet Dietz July 9 (BusinessDesk) - TIL Logistics Group, the trucking and logistics company that went public with a reverse listing on the NZX last December, warned full-year earnings will fall short of expectations because of rising fuel costs as well as road closures due to bad weather and big storms. For the year ended June 30, 2018, TIL expects to deliver sales "in line with the strong first half but with lower earnings," the New Plymouth-based company said in a statement. "The full year result is expected to be below PFI (pro...

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