Australia’s Team Global Express, previously known as Toll Global Express (TGE), enjoyed a satisfactory fiscal 2023 to the end of March, as we preliminarily pointed out a month ago.
Delving into the numbers lodged with the Australian Securities & Investments Commission, revenues doubled to A$2.8bn, but as the top line rose, the bleeding at operating level (Ebit) led to net losses of -A$72.9m from -A$40.2m a year earlier.
Significantly heavier finance costs at …
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