ASX:CLX

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CTI Logistics Acquires Western Australia Property for Over AU$24 Million

CTI Logistics (ASX:CLX) struck a deal to acquire the property at 125-129 Sheffield Road, Welshpool, Western Australia, for AU$24.1 million, with vacant possession at settlement on Nov. 10, according to a Thursday filing with the Australian bourse.The company will relocate its interstate transport business to the property following redevelopment and the expiry of two existing leases, per the filing.CTI Logistics said it will fund the purchase and redevelopment with current debt facilities.

ASX:CLX

Asia48d ago

CTI Logistics Expects Fiscal 2026 Profit to Jump 75%

CTI Logistics (ASX:CLX) expects its fiscal 2026 profit before tax to increase by around 75% from the AU$19.7 million reported in fiscal 2025, driven by continued strong trading performance across the business, according to an Australian bourse filing on Thursday after market hours.The company expects revenue for the year ending June 30 to increase by around 9% from AU$325.4 million, supported by strong revenue growth in May and June, per the filing.The company attributed its forecast to stronger demand for transport, freight, logistics and project work in Western Australia, improved fleet utilization, and ongoing cost control despite incurring holding and relocation costs for its new Lakes Road facility in Hazelmere, the filing added.

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