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Australian rail haulage company Aurizon sees $240 mln earnings hit

Published 31/01/2017, 09:26 am
Australian rail haulage company Aurizon sees $240 mln earnings hit
AZJ
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SYDNEY, Jan 31 (Reuters) - Australian rail freight company Aurizon Holdings Ltd AZJ.AX said on Tuesday that it will take about A$321 million ($242 million) of one-off charges, including impairments and significant items, when it reports half-yearly earnings.

Aurizon said in a statemment that it expects to report underlying pre-tax earnings between A$900 million and A$950 million for the six months to Dec. 31, 2016, but that it was taking the one-off costs as a result of an ongoing review of operations.

The company reports half-yearly results on Feb. 13. ($1 = 1.3245 Australian dollars)

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