Asciano lifts interim profit

Company News

Asciano Limited (ASX:AIO) has announced a statutory net profit after minority interests of $199.8 million for the half year ended 31 December 2015, a 5.3 percent rise on the previous corresponding period. 
 
Revenue fell 4.3 percent to $1.863 billion as capital expenditure fell 46.2 percent to $142.3 million.
 
The company noted strong Queensland coal volumes were offset by flat or soft volumes in other areas. The rail and port giant also reported volumes ties to Western Australian economy and resource project work as soft.
 
Chief executive John Mulled thanked employees and customers for their support during the uncertainty created by a bidding war for the company.
 
Asciano will pay a dividend of 13 cents fully franked.