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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
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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

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