Asciano Group
Asciano Group (AIO) is Australia's leading infrastructure owner, with its principal activities focused on transport infrastructure, consisting of ports and rail assets, and related operations and services. Asciano Group listed on Australian Stock Exchange on 6th of June 2007. Asciano portfolio is a combination of the Pacific National and Patrick businesses.
Ports and Rail operating company Asciano Group (ASX:AIO) have announced its half year results of 2013 to shareholders, investors and traders.
- Asciano Net Profit of $199.9 million in the six months to December 31, up 74.5 percent from $114.8 million in the previous corresponding period.
After a third quarter beset by bad weather and decreased consumer demand, transport infrastructure operator Asciano Group (AIO) downgraded its profit guidance for the whole year. The company's coal haulage volumes were diminished by rains in Queensland and Hunter Valley, NSW.
Study the historical dividends for ASCIANO GROUP. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive AIO dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the AIO dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
Asciano Group (AIO), one of the leading Australia based infrastructure owners that mainly concentrates on transport infrastructure has managed to win a $320 million worth deal to transport coal from the new Middlemount mine of Macarthur Coal to the developing coal port of Abbot Point, which is being considered as a win for the company over Queensland Rail (QR).
Asciano (AIO), a rail and ports operator, has reported their first company profit since listing three years ago. They have said that their EBITDA (arnings before interest, tax, depreciation and amortisation) to be at the upper end of their previous forecast of $675 million to $700 million. The company’s net profit rose from a net loss of $93.4 million the same period last year to $79.1 million profit for the six months to December.
Asciano Group (AIO), one of the leading transportation infrastructure owners in Australia has managed to raise a new $1.14 billion worth of debt funding in an attempt to improve its balance sheet. However, the group also declared that the investors will miss out on a half-year dividend. Asciano stated in a release delivered to the Australian Securities Exchange that the company currently has no repayment obligations till May 2012.
Transfield Services (TSE), a company that offers services in sectors like maintenance, operations, assets and project management sector was the best performer in ASX100 index for this week adding 26.1 percent or 58 cents in its stock price and was closed at $2.80.
Asciano Group (AIO) has a share price target of $6.50 from Australian stockmarket analyst Macquarie Research Equities.
Asciano Group (AIO) April volume tracker
Another solid month:
Key indicators remained positive through April with strong international container volume growth offsetting low single digit Hunter Valley export coal and automotive imports. Surprisingly, container imports continue to show strength despite concerns of a consumer discretionary slowdown.
April aggregate volume growth was 9%:
Asciano Group (AIO) has a price target of $6.50 from Australian stock analyst UBS.
Momentum continues
Group revenue growth continues at 9%:
Asciano's investor update highlights solid volume and revenue growth trends across its major divisions for the nine months to March 2008. We estimate weighted average volume growth of 7%. Container volumes were a key highlight with implied growth of 13% in the March quarter, well ahead of 6% market growth. We estimate these figures imply year-to-date group revenue growth of 9%, similar to the 9% seen in the 1H.
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