Australia's Aurizon cuts earnings forecast on prolonged wet weather

Aurizon Holdings

13/02/2023 24:06

Feb 13 (Reuters) - Australia's Aurizon Holdings  AZJ.AX 
on Monday reported a 34% fall in its first-half underlying
profit and slashed its full-year core earnings forecast, as
prolonged wet weather and a derailment dented the rail-haulage
firm's freight volumes.
    The firm lowered its underlying EBITDA forecast for fiscal
2023 by 4% to between A$1.42 billion ($981.50 million) and
A$1.47 billion and reported an underlying net profit after tax
of A$169 million for the first-half of fiscal 2023.
($1 = 1.4468 Australian dollars)
 (Reporting by Riya Sharma in Bengaluru; editing by Uttaresh.V)
 ((Riya.Sharma@thomsonreuters.com;))