AZJ 0.59% $3.37 aurizon holdings limited

News: AZJ Aurizon Holdings June quarter coal production 53 million tonnes

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    July 21 (Reuters) - Aurizon Holdings Ltd (AZJ) :

    • "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

 
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