MANAGEMENT

Aurizon coal business grows earnings in tough environment

AURIZON has increased half yearly earnings from its coal division by 4% to $286 million with a renewed focus on cost management.

 Reductions in volumes were primarily due to lower demand for services stemming from flooding in NSW.

Reductions in volumes were primarily due to lower demand for services stemming from flooding in NSW.

The coal division also reported an increased above-rail revenue increasing, despite lower volumes, due to the haul mix and the consumer price index favourably impacting contract rates. Aurizon managing...

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