Asciano Limited (ASX:AIO) has swung from an annual loss to a profit of $145.2 million, broadly in line with expectations.
The rail and ports operator's fiscal 2010 result was impacted by more than $1 billion in one-time impairment charges.
In fiscal 2011 Asciano’s operating revenue rose 7 per cent to $3 billion and underlying net profit came in higher than analyst expectations at $214 million.
Looking ahead Asciano has maintained a cautious outlook in the short term, due to external factors, and an optimistic outlook for the medium term.
The company has also suggested it is unlikely to split its ports and rail businesses in the short term.
A final dividend of 1 cent per share has been declared.
