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CTI LOGISTICS LIMITED — Earnings Release 2013
Jun 20, 2013
64663_rns_2013-06-20_e9e0f468-8ff8-4a02-b97f-a73ca86f0648.pdf
Earnings Release
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Logistics Limited
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
21 June 2013
Company Announcements ASX
Via ASX Online
CTI LOGISTICS LIMITED - PROFIT ANNOUNCEMENT
The directors of CTI Logistics Limited advise that the profit before tax for the 2012-2013 financial year is expected to exceed the previous financial year's figure by $32 -$ 38%.
The increases in both revenue and profit over the year have come from ongoing oil and gas related work plus growth in our traditional supply chain services area. These increases have more than off-set the softness in the Perth metropolitan economy. where courier and light truck numbers are down on the previous financial year.
Profit expectations are lower than they otherwise would have been due to the taking up of costs associated with the recent commissioning of the new Hazelmere complex, the refurbishment of vehicles and other one-off costs associated with the establishment of a regional linehaul service, and the costs of personnel training requirements associated with an energy related project for which CTI Logistics Limited is providing contract labour plus plant and equipment. These costs will be off-set in the new financial year by additional revenue streams.
David A Mellor COMPANY SECRETARY