Aurizon Profit Climbs

Steel Guru reports that Aurizon Holdings’ (ASX:AZJ) annual profit rose as higher iron ore exports from mines in Western Australia helped offset disruptions to coal shipments in the east of the country.

As quoted in the market news:

Australia’s largest rail freight operator said net profit rose to AUD 447.0 million in the year through June, 1% higher than a year earlier. The Brisbane based company which helps mining companies transport raw materials to ports offered a final dividend of 8.2 cents nearly double the size of last year’s payout.

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