Thursday, August 22, 2013
Asciano , Australia's largest listed ports and rail company is pleased to release its financial results for the full year ended 30 June 2013. Please find attached an Appendix 4E Full Year Report for the year ended 30 June 2013
The Company will conduct an investor briefing commencing at 9.30am this morning. The
briefing will be webcast and can be accessed through the Company's website at investor briefing pack is also attached to this announcement
Asciano has forecast an increase in pre-tax earnings in the new financial year, ''albeit at a slower growth rate'' than in 2012-13 due to expectations of ''another challenging year''.
''The ongoing weakness in domestic economic activity is expected to result in subdued volume growth in terminal and logistics, and intermodal rail [divisions],'' Mr Mullen said.
In June, Asciano lowered its expectations for market growth in container volumes on the country's wharves to 1 to 2 per cent from about 4 to 5 per cent annually.
To read the full report, click:
Source: Asciano
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