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New Zealand freight and logistics company, TIL Logistics Group Limited (NZX: TLL), has reported an increase in Group revenue, earnings and profit for the six months to 31 December 2020 (1H21) as it benefits from improved trading across the majority of its divisions.
The company has seen a recovery in activity since the April lockdown, particularly in sectors which are important sales areas for TLL, including residential construction, infrastructure, food & beverage and agriculture. The second quarter also benefitted as pressure on coastal shipping and capacity at Ports led to an increase in demand for road transport, although this was partially offset by a reduction in demand for warehousing during this time.