Australia's Aurizon falls most in 4 weeks as annual profit misses estimates

Aurizon Holdings

14/08/2023 01:32

** Shares of Aurizon Holdings  AZJ.AX  decline as much as
3.5% to A$3.57, marking their biggest intraday pct fall since
July 18
    ** Rail freight operator posts FY23 underlying net profit
after tax of A$367 mln ($238.33 mln), down from A$525 mln posted
a year ago and missing consensus estimate of A$392 mln
    ** AZJ says underlying EBITDA for FY24 is expected to come
in between A$1.59 bln and A$1.68 bln, up from A$1.43 bln in FY23
    ** AZJ declares final dividend of 8 Australian cents per
share, down from 10.9 cents per share
    ** AZJ hits lowest level since July 19
    ** Stock down 0.8% this year, as of last close
    
($1 = 1.5399 Australian dollars)

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