Business
Aurizon beats expectations, unveils $300 million buyback – Sydney Morning Herald
Rail freight operator Aurizon has beaten market expectations to deliver a full year underlying profit of $531 million and announced a new $300 million buyback.
Rail freight operator Aurizon has beaten market expectations to deliver a full-year underlying profit of $531 million and will reward shareholders with a higher dividend and $300 million share buyback.
The group, which mainly transports commodities produced by the mining industry, lifted its underlying profit by 12 per cent, citing new contracts, solid tonnages in its coal and network business and no significant impact on its volumes from COVID-19.
Underlying EBIT (earnings before interest and…
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