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23 February 2021 Company Announcement TL TIL LOGISTICS GROUP TIL LOGISTICS REPORTS UPLIFT IN PERFORMANCE IN FIRST HALF OF YEAR Unaudited results for the six months to 31 December 2020 • TLL reports recovery in sector activity since April 2020 lockdown , with improved trading across the majority of TLL's divisions • Revenue , EBITDA and profit all increased year on year • EBITDA of $ 32.9m , up 38 % on prior comparative period • • Net Profit After Tax of $ 2.7m ( 1H20 : Net Loss After Tax of $ -2.2m ) . Excluding non - cash impact of NZ IFRS 16 , 1H21 NPAT was ~ $ 4.0m . Confirmation of earlier guidance that EBITDA for FY21 is expected to be at least that of the FY20 post IFRS - 16 result of $ 57.4m . $ Millions ( post NZ IFRS - 16 ) Sales Revenue Total Income Operating Expenses EBITDA NPAT Net Operating Cashflow Total Assets 1H21 1H20 179.2 173.9 181.0 175.3 148.1 151.5 32.9 23.8 2.7 ( 2.2 ) 27.4 17.7 361.7 356.9 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 . Sales revenue of $ 179.2m was up on the prior year , a solid result given the ongoing impact of COVID - 19 and supply chain issues impacting some divisions during the period . Earnings Before Interest , Tax , Depreciation and Amortisation ( EBITDA ) increased 38 % to $ 32.9m with an improved performance from four of TLL's five divisions and a slight decrease in the International division . The company reported a return to profitability , with a Net Profit After Tax of $ 2.7m , up from a loss of $ 2.2m in the prior comparative period ( pcp ) . NPAT includes a $ ( 1.3 ) m non - cash impact of NZ IFRS - 16 Accounting for Leases .