TIL Logistics misses forecast earnings on mounting fuel bill, bad weather

Tue, 28 Aug 2018

By Paul McBeth Aug. 29 (BusinessDesk) - TIL Logistics lifted earnings at a slower pace than forecast as the trucking and logistics company faced a rising fuel bill and had to contend with road closures triggered by bad weather. Stripping out listing costs, its earnings before interest, tax, depreciation and amortisation rose 49 percent to $26.2 million, below the New Plymouth-based company's forecast of $28.2 million. TIL had already warned it would probably fall short of expectations as a recovery in oil prices drove up petrol costs and...

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