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BRIEF-Aurizon Holdings Confirms FY18 Guidance For Earnings Before Interest And Tax

Published 27/06/2018, 09:45 am
© Reuters.  BRIEF-Aurizon Holdings Confirms FY18 Guidance For Earnings Before Interest And Tax
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June 27 (Reuters) - Aurizon Holdings Ltd AZJ.AX :

* CONFIRMS FY2018 GUIDANCE FOR EARNINGS BEFORE INTEREST AND TAX ($900-$960 MILLION) AND ABOVE-RAIL COAL VOLUMES (210-220 MILLION TONNES)

* CESSATION OF CLIFFS IRON ORE MINE OPERATIONS, MT GIBSON IRON ORE CONTRACT COMBINED EBIT IMPACT OF $50 MILLION IN FY2019

* DESPITE SOME UNCERTAINTY REGARDING A NUMBER OF ONE OFF CHALLENGES IN FY2019, EXPECTS TO SEE ABOVE RAIL EARNINGS GROWTH INTO FY2020

* SEES FY2018 CAPITAL EXPENDITURE UNDER $500 MILLION

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