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BRIEF-Aurizon Holdings says further reductions in capex expected over next two years

Published 15/08/2016, 10:56 am
BRIEF-Aurizon Holdings says further reductions in capex expected over next two years
AZJ
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Aug 15 (Reuters) - Aurizon Holdings Ltd AZJ.AX :

* Aurizons FY 2016 financial results announcement

* Based on current market conditions, Aurizon anticipates above rail haulage

for FY 2017 to remain flat in the range of 255mt - 275mt

* For FY 2017 sees coal in the range of 200 - 212mt

* Company is on track to achieve the transformation target of $380 million over

the three years from FY 2016 to FY 2018

* The 70% operating ratio target by FY 2018 remains

* In the rail business FY 2017 EBIT is forecast to be flat

* "Further reductions in capital expenditure are expected over the next two

years of between $50 million and $150 million"

* "The share buyback has been stopped to manage near term balance sheet

capacity"

* Source text for Eikon

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