Flood
Australian rail group, QR National (ASX:QRN) has confirmed that the company will miss their forecasted net profit target by up to 21 percent from their prospectus for this financial year due to the Queensland floods cutting coal volumes. The loss of revenue from access fees ad lower coal production volumes from mine clients as well as repairs to the rail track could cost the company up to $70 million in lost profits.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
