Weaker coal market hits Aurizon

By AAP

Revenue was up two per cent to $3. 8 billion on the back of stronger iron ore and coal volumes, with general freight volumes down six per cent, chief executive Lance Hockridge said. "This is another solid result for Aurizon, which underscores the momentum we are achieving with our transformation program despite the continuation of subdued market conditions," he said.

Coal haulage volumes of 210-220 million tonnes were forecast, compared to 210 million tonnes in the last year.

Read more here: Business Spectator

    

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