AZJ 0.59% $3.37 aurizon holdings limited

Aug 15 (Reuters) - Aurizon Holdings Ltd (AZJ) : Aurizons FY...

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    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"

 
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$3.37
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