Trucker TIL says GDP, acquisitions to lift full-year earnings

Fri, 26 Oct 2018

By Gavin Evans Oct. 26 (BusinessDesk) - TIL Logistics says full-year operating earnings may increase by 20 percent given on-going growth in the economy and performance expected from recent acquisitions. Earnings before interest, tax, depreciation and amortisation are expected to climb to between $28 million and $32 million, chief executive Alan Pearson said in notes for the trucking company’s annual meeting today. The company’s adjusted ebitda in the June year just ended was $26.2 million, after excluding $6.5 million of costs related...

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