Rail hauler Aurizon will pay a 10.9c a share dividend after booking a $513m net profit for the 2022 financial year, down 15 per cent on last year’s result.
Aurizon says its bulk coal business booked earnings before interest, tax, depreciation and amortisation of $541m for the full year, up 1 per cent, despite a 4 per cent drop in volume for the year.
The company says its net profit was 15 per cent lower due to one-off benefits booked the previous year, including the tax benefit from the sale of its shares in Aquila Resources.
Managing director Andrew Harding says Aurizon had delivered a “solid operational and financial result” despite the impact of the pandemic and major flooding in Queensland.
Aurizon booked revenue of $3.08bn, underlying EBITDA of $1.47bn and underlying earnings before interest and tax of $875m.
Aurizon shares last traded at $4.04.
