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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Downer EDI (ASX:DOW) specialises in the engineering, construction, telecommunications, mining and resource sectors in Australia, New Zealand and the greater Asia Pacific region.

It has been one of the shares to sell in recent times, having shed more than 50% of its value since January 2010.

Today, DOW stated it has been approached by parties looking to purchase its consultancy practice – CPG Asia, CPG Australia and CPG New Zealand.

DOW is currently conducting a review to optimise its business structure.

DOW shares have slumped around 2% so far, mirroring the fall in the stock market.

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