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Move Logistics Group Limited ( (AU:MOV) ) just unveiled an announcement.
MOVE Logistics Group Limited reported a significant improvement in its financial performance for the first quarter of FY26, despite ongoing economic challenges. The company achieved a 68% improvement in normalised EBT loss compared to the previous year and reduced operating costs by approximately $3 million. While revenue was down by 3.5%, the company is focused on driving revenue and winning new business. The warehousing segment faced challenges, but improvements in productivity and new business are expected to support future progress. MOVE is well-positioned with a streamlined network, strong customer partnerships, and a focus on value creation, aiming to return to positive normalised EBT in FY26.
More about Move Logistics Group Limited
MOVE Logistics Group Limited is one of the largest domestic freight and logistics businesses in New Zealand, operating a nationwide network of branches, depots, and warehouses.
Average Trading Volume: 59,598
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$22.25M
For detailed information about MOV stock, go to TipRanks’ Stock Analysis page.