News: Industrial action to hit Asciano FY result

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Asciano Ltd (ASX:AIO) has warned that Maritime Union of Australia's continuing industrial action is expected to adversely impact its full year earnings. 

The transport operator has forecast earnings before interest and tax are likely to suffer a $4 million hit, while revenue is likely to fall by up to $8 million.

Asciano previously forecast earnings in the range of between $530 million to $540 million, up from $440 million achieved the year before.

However, the latest forecast has been issued as a result of the maritime dispute impacting its Brisbane, Sydney and Fremantle container terminals.

Asciano’s first half profit grew by 18.7 per cent to $93.9 million in the six months to 31 December 2010.