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…
-
Noosa News23 hours agoWest Coast Eagles draftee Josh Lindsay wants to carry on Troy Selwood’s legacy
-
Noosa News23 hours agoHunt for suspects after family’s pregnant horse found shot dead on rural Queensland property
-
General9 hours agoGrieving parents of 4yo boy who drowned in Officer suing Melbourne Water, Cardinia council
-
General24 hours agoLabor to squeeze public service, sparking warnings of job losses