McAleese issues profit warning

Cootes Transport parent says March revenue, earnings below forecasts.

McAleese Limited has issued its second profit warning in two months, saying trading for the three months to March 31 had been more difficult than expected.

"Sales revenue and earnings before interest, tax, depreciation and amortisation are $9 million and $7 million below the forecast prepared and released to the market in February respectively," the company said, as the availability its Cootes Transport fleet weighs on operations.