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Aurizon shuts freight units, pushes coal

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August 14, 2017

Rail freight operator Aurizon has posted a full-year loss of $188 million.

Aurizon has posted a full-year loss of $188 million on the back of a $927 million hit from asset impairments and redundancy-related costs.

The rail freight operator says its underlying earnings before interest and tax for the year to June was down four per cent at $836 million, on the back of an estimated $89 million loss from the impacts of Cyclone Debbie.

Aurizon declared a final dividend of 8.9 cents per share, partially franked, taking its total dividend to 22.5 cents, down from 24.6 cents in the prior corresponding period.

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