NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-Aurizon Holdings June quarter coal production 53 million tonnes

Published 21/07/2016, 04:07 pm
BRIEF-Aurizon Holdings June quarter coal production 53 million tonnes
AZJ
-

July 21 (Reuters) - Aurizon Holdings Ltd AZJ.AX :

* "Decided to recognise a further impairment in respect of the aquila investment of $73 million (pre-tax)"

* Says above-rail coal tonnages for FY 2016 of 206.8 million tonnes

* Underlying EBIT for FY 2016 is expected to be, subject to audit, $871 million

* June quarter coal production 53.0 million tonnes

* June quarter iron ore production 5.2 million tonnes

* Above-rail volumes stable in Q4, reflects high contract rate utilisation rate

of 96% for coal & in excess of 100% for iron ore

* Proposes reduction of about 120 leadership positions in operations,

representing approximately 20% of management roles

* Source text for Eikon ID:nASX2t5cRB

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.