By Sineva Toevai
The group’s net loss was $244.1 million after tax, restructure costs, previously reported plant and equipment impairment, establishment and demerger-related costs and Brambles shareholding losses.
This compared with a net loss the previous financial year of $181.5 million.
However, earnings before interest, tax, depreciation and amortisation (ebitda) before significant items climbed to $655 million in the year ended June 30th, while revenue remained unchanged from a year ago at $2.8 billion, the company said.
Asciano’s Patrick Auto, Bulk and General unit recorded a 34.5 per cent increase in ebitda to $126 million amid significant improvements in grain volumes.
Gains in grain rail volumes offset the weak performance of the autocare business, which was hit by a significant drop in vehicle movements.
Pacific National Coal’s ebitda rose 17 per cent to $147 million as the division enjoyed volume growth, particularly in the Hunter Valley where exports tonnes rose 6 per cent.
The Pacific National Intermodal division posted a 6.4 per cent rise in ebitda to $189 million despite the slowing of containerised freight volumes.
Total container lifts for the Patrick Container Ports division fell 4 per cent from a year ago as volumes dived by more than 10 per cent in the second half of the year and transhipments, which reduced average revenue per lift, increased.
This led to a 4.2 per cent decline in the division’s revenue to $744 million and an 11.3 per cent fall in ebitda to $217 million.
Source: Lloyd’s List Daily Commercial News – www.lloydslistdcn.com.au
 
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