Another chapter of Toll Group's legacy – distressed NZ Logistics up for grabs
Here’s one under the radar
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Dreamstime.com
There’s a great deal of discomfort in our circles every time Toll Group’s performance deserves a word.
And following this week’s coverage – in which it became clear that without constant parental support the firm is not viable as a going concern – yesterday’s sketchy disclosure of fiscal Q1 24 numbers by its owner, Japan Post (JP), was hideous.
Revenues in the three months to the end of 30 June, fell -29% to just over AU$1.1bn.
Ok, that’s “fine”.
It had to be expected.
Its ...
Comment on this article
chris dunphy
August 13, 2023 at 1:54 pmDanger-money is always paid in perilous situations.
No-one would willingly work for Toll and not be remunerated for the risk to their reputation & CV.