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(Reuters) - Australia's Aurizon Holdings on Monday reported a 34% fall in its first-half underlying profit and slashed its annual core earnings forecast, as prolonged wet weather and a derailment dented the rail-haulage firm's freight volumes.
The Queensland-based firm said it lowered the underlying EBITDA forecast for fiscal 2023 by 4% to between A$1.42 billion ($981.50 million) and A$1.47 billion, owing to the persistent rainy weather and a two-week derailment on the Blackwater line.
Aurizon...
>>> Read more: Australia's Aurizon cuts earnings forecast on prolonged wet weather
The Queensland-based firm said it lowered the underlying EBITDA forecast for fiscal 2023 by 4% to between A$1.42 billion ($981.50 million) and A$1.47 billion, owing to the persistent rainy weather and a two-week derailment on the Blackwater line.
Aurizon...
>>> Read more: Australia's Aurizon cuts earnings forecast on prolonged wet weather
