Coal Shipments Boost Asciano

Sydney Morning Herald reported that rail company Asciano (ASX:AIO) is benefiting from more coal contracts and shipments from Queensland.

As quoted in the market news:

Asciano reported a 21 per cent rise in net profit to $113.9 million for the six months to December 31, the result of double-digit earnings growth by its three divisions and lower expenses.

Click here to read the full Sydney Morning Herald report.