Asciano is transport infrastructure and operations company formed from a de-merger from Toll Holdings in June 2007. [caption id="attachment_21161" align="alignleft" width="192" caption="Asciano (AIO)Demerger From Toll Holdings"]
[/caption] 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.
[/caption] 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.
For the steel industry, the Budget has little to offer directly, barring a provision to raise the import duty on steel and reduction in import duty to two per cent on scrap. nifty option tips
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