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CTI LOGISTICS LIMITED Earnings Release 2015
64663_rns_2014-12-17_f5cb6595-f0bc-43be-97d2-4cc86596c1df.pdf
Earnings Release
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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
17 December 2014
Company Announcements ASX
Via ASX Online
CTI LOGISTICS LIMITED - PROFIT ANNOUCEMENT
CTI Logistics Limited advises that due to a slower October and November, which are traditionally the busiest months of the first half for the Company, it is now expected that profit before tax for the six months ended 31 December 2014 will be down 20 to 24% on the same period last year after adjusting for the one off gain on the sale of a property in that period.
The slowdown in business activity has primarily resulted from a downturn in our minerals and energy work along with uncharacteristically weak throughput demand from our warehousing client base leading into Christmas.
On a positive note, the transport division is tracking in line with expectations. The Company is also conducting due diligence on possible bolt-on acquisitions.
The directors expect to maintain the current dividend policy.
David Mellor COMPANY SECRETARY