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BRIEF-Aurizon says FY underlying npat $604 million versus $523 million a year ago

Published 17/08/2015, 08:43 am
BRIEF-Aurizon says FY underlying npat $604 million versus $523 million a year ago
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Aug 17 (Reuters) - Aurizon Holdings Ltd AZJ.AX :

* Aurizon - full year profit result announcement AZJ.AX

* Says board of directors declared a final dividend of 13.9 cents per share

* FY underlying npat $604 million versus $523 million a year ago

* Says "board has increased aurizon's dividend payout ratio range to 70-100% of npat"

* FY total revenue $3.78 billion versus $3.82 billion last year

* Anticipates above rail haulage for FY 2016 to remain flat

* Says "revenue in FY 2016 will be impacted by approximately $200M due to a number of factors"

* Has identified a $1.5 billion (25%) cost reduction in the preliminary capex estimate for the west pilbara iron ore project"

* Anticipates FY 2016 coal in the range of 210- - 220mt

* Says operating ratio target remains 73% for FY 2016 and 71.5% for FY 2017, with a new target of 70% set for FY 2018

* Says for FY 2016 sees iron ore haulage at around 24mt and freight volumes of around 45mt

* Pursuing an additional $43M in savings to achieve its target of $100M in corporate support cost reduction by end of FY 2016

* Source text for Eikon ID:nASXbmk7Nf

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