During today's Investor Briefing on the Australian group Asciano has confirmed that, following a thorough analysis by the company and outside advisors, the planned demerger of its Division of Ports and Port Patrick's Pacific Division station National Rail (Rail PN) not the best interest of the company and its shareholders.
In particular, Asciano said that the economic performance of Patrick are significantly better than external evaluations and may suggest that the group has now prepared an ambitious plan and solid for the future of its three divisions Patrick, PN Rail and Pacific National Coal ( Coal PN) program, which will generate a substantial operating cash flow available from 2013 as well as the possibility of developing new business opportunities for acquisitions and to realize concrete.
In fiscal 2011, ended last June 30, Patrick has achieved a container traffic amounted to 2.563 million TEUs, down 4.5% compared to 2,683,000 TEUs in the period July 2009 - June 2010. In the exercise of Asciano port 2011, the division recorded revenues of 1.1722 billion Australian dollars (1.2 billion U.S. dollars), an increase of 1, 4% on the previous financial year, operating profit (EBITDA ) to 269.0000000 Australian dollars (+4.7%) and an EBIT of 190.6 million Australian dollars (+22.4%). The volume of business arising from the operations terminal totaled a decline of 2.2%.
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