Asciano (AIO)Demerger From Toll Holdings

22nd Feb 2012

Asciano is transport infrastructure and operations company formed from a de-merger from Toll Holdings in June 2007.

Asciano (AIO)Demerger From Toll Holdings

Asciano (AIO)Demerger From Toll Holdings

Industrial stock Asciano announced a 1H FY12 profit of $113.2 million, a 10.2% fall on the previous corresponding period.

Revenue climbed 8.9% for the half to $1.7 billion, while EBIT was also up a similar amount.

The group said that based on new contracts commencing in FY12, it expects second half EBIT to be higher than the previous corresponding period and the first half result.

The company said that it will pay an interim dividend of 3.5 cents a share, up 16.7% from the last year’s interim payment.

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