who can understand this logic, page-3

  1. 3,288 Posts.
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    LOL michinyon.

    - I was happy with Tim Pooles response;

    1."Asciano’s unaudited earnings before interest, tax, depreciation and amortisation (‘EBITDA’) during this four-month period have shown a 6% increase over the same period last year (after adjusting for dividends received last year on Asciano’s shareholding in Brambles Limited).
    This continued solid performance during an uncertain economic environment highlights the resilience of our businesses and the quality of our operations and our people."

    2.In excess of 95% of Asciano’s current debt facilities mature during or after May 2010, giving Asciano some 18 months before a major refinancing is required.

 
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