Subscribe to RSS feedAsciano will concentrate on bulk rail
ASCIANO will rely on Pacific National’s bulk rail haulage operations to bolster earnings over the rest of the financial year, chairman Tim Poole said at the company’s annual general meeting last week.
This would be crucial in the face of “a continued subdued environment for our non-bulk operations”, Mr Poole said.
Despite non-bulk weakness, the company reiterated its annual net earnings before significant items forecast of $675m-$700m.
Mr Poole said the company’s...
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