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Aurizon posts first-half profit of $54m
Rail freight operator Aurizon has swung to a first-half net profit of $54 million, after taking a $321 million hit from writedowns and charges - and after a $108 million loss for the same period the previous year. Excluding the impact of the one-off charges, its underlying net profit rose 18 per cent to $279 million for the six months to December 31, while underlying earnings before interest and tax (EBIT) rose 21 per cent to $488 million. The company has maintained its full-year guidance for underlying earnings of $900 to $950 million and declared a partially franked interim dividend of 13.6 cents per share, up 20 per cent.
Contact lifts first-half underlying profit by 12%Monday 13 February 2017 08:58 AMFIRST CUT: Contact lifts first-half underlying profit by 12%, cuts capex as sales fallBy Jonathan UnderhillFeb. 13 (BusinessDesk) - Contact Energy posted a 12 percent gain in first-half underlying profit while holding its dividend unchanged and trimming capital expenditure in the face of weaker sales. Underlying profit rose to $82 million in the six months ended Dec. 31, from $73 million a year earlier, the Wellington-based company said in a statement. Sales fell to $1.04 billion from $1.12 billion. Contact shares last traded at $4.79 and have gained 15 percent in the past 12 months. Expenses fell to $778 million from $866 million, while capex dropped 11 percent to $63 million.
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collected by :Jack Luxor
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