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Economic blues send Move Logistics further into the red

Net loss deepens to $10.7 million in the six months ended December 31.

Chief executive Craig Evans has just marked 12 months in the role.

Key points
  • Revenue: Down 11% to $158.3 million.
  • Loss: Down 222% to $10.7 million.  
  • Key takeaway: The company has been hit by the economic downturn as it pushes ahead with a turnaround and growth strategy called Project Blueprint. 

NZX-listed transport company Move Logistics has gone further into the red, amid tough economic trading conditions.

Its net loss slumped to $10.7 million in the six months ended December 31, compared with a $3.3m loss the same period previously.    

Revenue was down more than 11% to $158.3m.

The

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Key points
  • Revenue: Down 11% to $158.3 million.
  • Loss: Down 222% to $10.7 million.  
  • Key takeaway: The company has been hit by the economic downturn as it pushes ahead with a turnaround and growth strategy called Project Blueprint. 
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Economic blues send Move Logistics further into the red
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