Australia's Aurizon faces worst day in 9-1/2 months as outlook disappoints

Aurizon Holdings

08/08/2022 01:49

** Shares of Aurizon Holdings Ltd  AZJ.AX  drop as much as
5.5% to A$3.82 in their biggest intraday pct loss since Oct. 22,
2021
    ** Rail freight operator says FY22 underlying NPAT fell 2%
from a year ago to A$525 mln ($362.46 mln)  urn:newsml:reuters.com:*:nASXXmZNX
    ** AJZ expects FY23 EBITDA between A$1.47 bln and A$1.55 bln
    ** FY23 Group EBITDA outlook below forecasts, expected to be
driven by lower growth in bulk business - Jefferies
    ** Brokerage says guidance provided is 3% below market
expectation at the midpoint, which is "disappointing"
    ** Stock hits lowest level since July 18
    ** Stock up 15.8% this year, as of last close
 
    ($1 = 1.4484 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((Harish.Sridharan@thomsonreuters.com;))