Growing global demand for Australia’s high-quality coal has seen rail freight leader Aurizon haul a record 232.7Mt across its Central Queensland coal network in the June year (FY19), with hopes of gaining state Competition Authority approval of its new access agreement with customers in the coming 6 months.
MD-CEO Andrew Harding says the 10-year agreement’s long-overdue regulatory reform will support continued improvement in coal supply chain performance.
Underlying EBIT from continuing operations was $A829M (FY18: $941M) on revenue of $2.91B ($3.11B), generating $473M ($560M) NPAT.
Aurizon forecasts FY20 underlying EBIT of $880-930M assuming volume growth from all business units and operational improvements.