MOVE Logistics Reports Improved 1H25 Results Amid Transformation Efforts

Move Logistics Group Limited ( (AU:MOV) ) has issued an update.

MOVE Logistics Group Limited reported improved financial results for the six months ending December 2024, driven by its Accelerate transformation plan. Despite weak economic conditions, the company achieved significant milestones, including cost reductions and gross margin improvements, leading to a halved earnings before tax loss compared to the previous year. The company’s Freight and Specialist businesses performed strongly, while Warehousing faced challenges due to weak demand. MOVE’s new funding arrangements and leadership enhancements position it for future growth, with a focus on operational excellence and customer service.

More about Move Logistics Group Limited

MOVE Logistics Group Limited is a transport and logistics company operating in New Zealand, focusing on freight, warehousing, and fuel supply services. The company is engaged in trans-Tasman shipping and aims to provide consistent returns through its freight forwarding and other services.

YTD Price Performance: 16.67%

Average Trading Volume: 10,957

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$27.66M

For detailed information about MOV stock, go to TipRanks’ Stock Analysis page.