News: Asciano flags slower growth

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Asciano Limited (ASX:AIO) CEO John Mullen is cautiously moving in to 2014, by implementing a number of measures including freezing his pay for the year, according to media reports.

 

Asciano yesterday reported full year net profit attributable to members was $340 million, a 41 per cent lift on last year.

 

The company says that it expects to see continued earnings growth in the year ahead, but warned it would be at a slower rate than in 2013.

 

Mr Mullen told media the company is asking for restraint from the unions and the general workforce amid slightly tougher economic conditions.