MOVE Logistics Group Limited has reported an unexpected contract loss of $14m, resulting in FY23 results for the Freight division being lower than expected.
The Company has withdrawn its current guidance of Underlying EBITDA and will provide updated guidance with the Interim Results announcement in February 2023.
Trading in Contract Logistics and International remains robust, and the Atlas Wind is expected to arrive in New Zealand before the end of the year and deliver a strong profit.
MOVE expects to release its 1H23 result by end-February 2023.
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