TIL Logistics posts first-half loss on listing, acquisition costs, affirms full-year guidance

Tue, 27 Feb 2018

By Jonathan Underhill Feb. 28 (BusinessDesk) - TIL Logistics Group, the freight and logistics company that went public with a reverse listing on the NZX in December, posted a first-half loss on listing and acquisition costs and said it expects to meet its full-year targets. The loss was $15.7 million in the six months ended Dec. 31 from a profit of $2 million a year earlier, the New Plymouth-based company said in a statement. Sales jumped to $164 million from $106.7 million. The company's inaugural results as a listed company include $...

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