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CTI LOGISTICS LIMITED Earnings Release 2012
64663_rns_2012-06-21_12dd550f-4a18-43f2-ab80-9f434e003e8e.pdf
Earnings Release
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The Committee of the Committee of the Committee
ABN 69 008 778 925
1 Drummond Place West Perth WA 6005
Postal Address PO Box 400 West Perth Western Australia 6872 Telephone (08) 9422 1100
Facsimile (08) 9227 8000 Email [email protected] Web www.ctilogistics.com
22 June 2012
Company Announcements ASX
Via ASX Online
CTI LOGISTICS LIMITED - PROFIT ANNOUNCEMENT
The directors of CTI Logistics Limited advise that the net profit for the 2011-2012 financial vear is expected to exceed the previous financial year's figure by 20 - 25%.
Exposure to the minerals and energy sectors of the WA economy has generated increased revenue and profit across the transport and logistics segment of the Company. In the first six months, as previously reported, overall net profit was up 7.26% on revenue that was up 21.44% on the previous corresponding period. The groundwork undertaken in the first six months, in particular the setting up of additional warehousing and hardstand areas, has been reflected in the profit results for the latest six months.
All other business units are tracking as expected.
Yours faithfully
David A Mellor Company Secretary