MaxiTRANS stuck in second gear

Shares in MaxiTRANS slipped after the tipper and trailer company issued a profit warning in its AGM this morning.

MaxiTRANS Industries (MXI) issued a profit warning at its annual general meeting this morning as the recent pickup in consumer confidence has not translated to an increase in business activity.

The tipper and trailer company is expecting its first half net profit guidance to range to between $10 million and $11 million compared with the $12.8 million it booked at the same time last year.

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