News: Asciano blames uncertainty for no guidance

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Asciano Limited (ASX:AIO) says it will not give specific guidance for the 2012 financial year against an uncertain backdrop.

In its September quarter update the ports and rail operator says its businesses have continued to perform well but are not immune if Australia’s economic activity falters.



Excluding unforeseen circumstances or a deterioration in economic conditions, Asciano expects its three divisions to post annual solid revenue and earnings growth.

Separately today, Asciano’s chairman Malcolm Broomhead has told The Australian the company is committed to its ports operations, despite protests from some institutional investors.

Asciano swung from an annual loss to a net profit of $145 million in the 2011 financial year.