News: AZJ Aurizon Holdings says further reductions in capex expected over next two years

Aug 15 (Reuters) - Aurizon Holdings Ltd (AZJ) :

• Aurizons FY 2016 financial results announcement
• Based on current market conditions, Aurizon anticipates above rail haulage

  for FY 2017 to remain flat in the range of 255mt - 275mt

• For FY 2017 sees coal in the range of 200 - 212mt
• Company is on track to achieve the transformation target of $380 million over

  the three years from FY 2016 to FY 2018

• The 70% operating ratio target by FY 2018 remains
• In the rail business FY 2017 EBIT is forecast to be flat
• "Further reductions in capital expenditure are expected over the next two

  years of between $50 million and $150 million"

• "The share buyback has been stopped to manage near term balance sheet

  capacity"