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BRIEF-Aurizon advises unaudited FY2017 underlying EBIT of $836 million

Published 26/07/2017, 06:34 pm
© Reuters. BRIEF-Aurizon advises unaudited FY2017 underlying EBIT of $836 million
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July 26 (Reuters) - Aurizon Holdings Ltd AZJ.AX

* Above rail coal volumes of 198.2 million tonnes for FY2017 were within guidance of 190 - 200 mt

* Company advises unaudited FY2017 underlying earnings before interest & tax of $836 million

* Aurizon has recognised non-cash impairments of $526 million relating to its bulk business

* Confirms that full year transformation costs will exceed $100 million

* Aurizon is making a provision of $27 million for estimated redundancy costs with reductions of an estimated 185 permanent traincrew roles

* Total transformation related redundancy costs are $52 million for 2HFY17 and $116 million for FY17

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