4min read
PREVIOUS ARTICLE Reporting season analysis: Web... NEXT ARTICLE Reporting season analysis: ASX...

REPORTING SEASON: Asciano Limited (AIO)

Brought to you by CommSec

 

Figure 1: Asciano Limited 12 month chart

 

Australia’s largest national rail freight and cargo port operator, Asciano, has reported a 39.2% increase in underlying NPAT to $348.1mln.

A near 8% increase in revenue was helped by a 38% improvement in the performance of the Bulk and Automotive Port Services group, due to further growth in imported car volumes.

Significantly, lower capex in the medium term has allowed the group to increase the payout ratio from a range of 20%-30% before material items to a range of 20%- 40%.

A final dividend of 6.25 cents was declared.

 

You can see all of CommSec’s reporting season analysis by clicking here.

Juliette Saly, Market Analyst,