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DBCT and WestNet Rail deliver profit gains
The pre-tax earnings of Dalrymple Bay Coal Terminal (DBCT) and WestNet Rail rose 59% and 23% respectively in the first half of the financial year.
Prime asset: Dalrymple Bay Coal Terminal (Photo: Southern Cross Maritime)
DBCT's earnings before interest, tax, depreciation and amortisation (ebitda) rose to $111m from $70m in the six months ending December 31 due to a full-six month contribution by its expansion project, owner Prime Infrastructure said.
A solid grain harvest helped lift WestNet Rail's ebtida to $50.6m from $41m in the previous corresponding period.
"Each of our assets has performed in line with expectations," Prime Infrastructure chief executive Jeff Kendrew said.
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