CEVA Logistics appears to be nearing its end as a standalone business – the company is haemorrhaging more than $1m a day, with a loss of $278m in cash in the last nine months.
The company’s latest results show a year-on-year 6.8% uptick in revenues for the period January to September, but ebitda dropped 14.5% to $148m.
And the company reported losses of $198m, compared with last year’s $124m of red ink: one analyst describing the results …
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Source: The Loadstar
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