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Hot Topic Budget 25
Hot Topic Budget 25
Tech & Innovation
3 mins to read

Missing milk powder increases QEX losses

QEX says insurance likely won’t cover missing inventory.

Geraden Cann Mon, 30 Nov 2020

QEX Logistics has reported a substantial loss for the six months to September 30, following the presumed theft of $4.3 million-worth of milk powder and baby formula from the company’s Shanghai warehouse.

The incident contributed to a net loss after tax of $5.94m in the company’s unaudited

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Missing milk powder increases QEX losses
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