Aurizon coal division ekes out higher earnings despite lower volumes

EARNINGS from Aurizon’s coal division were up 1% to $541 million for FY2022 compared to the previous corresponding period, reflecting the benefits of cost management, inflation favourably impacting contract rates, and higher revenue yield. That was despite above rail coal tonnages being down 4%.

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Aurizon coal division ekes out higher earnings despite lower volumes Aurizon coal division ekes out higher earnings despite lower volumes Aurizon coal division ekes out higher earnings despite lower volumes Aurizon coal division ekes out higher earnings despite lower volumes Aurizon coal division ekes out higher earnings despite lower volumes

Progress was made operationally and structurally in advance of divestment of Aurizon's East Coast Rail business.

However, earnings before interest tax depreciation and amortisation for the coal division should be lower in 2022-23 due to revenue yield reduction despite the company securing additional coal