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BRIEF-Aurizon Holdings updates on impacts of Cyclone Debbie

Published 03/04/2017, 10:43 am
Updated 03/04/2017, 10:50 am
© Reuters.  BRIEF-Aurizon Holdings updates on impacts of Cyclone Debbie
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April 3 (Reuters) - Aurizon Holdings Ltd AZJ.AX

* Blackwater System is expected to open again by end of this week, subject to assessment as flood levels recede

* Blackwater System was closed to rail traffic at 2100hrs on Wednesday (29 March 2017) due to localised flooding

* As a result of cyclone debbie,localised flooding, co mobilised all available crews,resources over recent days to inspect & commence repairs

* Cost of repairing rail infrastructure & loss of network revenue expected to be recovered as part of established regulatory process with authority

* Temporary closure of coal systems will have negative impact on FY2017 volumes & earnings

* "It is too early to assess whether there will be a change to Aurizon's FY2017 volume and EBIT guidance"

* There will be a change in timing of when income is received and costs are incurred which is likely to a negative impact on FY2017 network earnings

* Temporary closure of coal systems will have a "negative impact on FY2017 volumes and earnings"

* Newlands System is expected to re-open in next 2-3 weeks Source text for Eikon: Further company coverage: AZJ.AX

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