Loss: $48.1m, compared with a $7.2m loss last year.
Main takeaway: Move in a difficult spot as it acknowledges it was too slow to respond to the economic downturn. Putting its weight behind new CEO Paul Millward and a new turnaround strategy.
Move Logistics tells NBR it is “laser focused” on embedding a “well resourced” and “well thought out” new strategy, led by an experienced turnaround executive, in order to survive and thrive as the economy recovers.
Yesterday, the dual-listed transport and logistics company reported a
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Key points
Revenue: Down 14.5% to $293.9m.
Loss: $48.1m, compared with a $7.2m loss last year.
Main takeaway: Move in a difficult spot as it acknowledges it was too slow to respond to the economic downturn. Putting its weight behind new CEO Paul Millward and a new turnaround strategy.
