MOVE Logistics Targets Turnaround After Tough Year

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

MOVE Logistics Group Limited reported a challenging financial year with a 13% decline in revenue to $301.7m and a net loss after tax of $48.1m, owing to reduced customer activity in a recessionary environment. The company is implementing a rigorous change program led by new leadership to improve performance, targeting significant improvements in FY25 and a return to profit in FY26. This includes operational recalibration, a focus on profitable revenue growth, and strengthening the balance sheet.

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