Wednesday 19 February 2014

Some recent news for Asciano

The columns full of numbers in a financial report don't necessarily give you an appreciation of what's happening in the daily life of the business.

Port and rail operator Asciano will cut dozens of jobs after upgrading profit targets due to growth in its Pacific National Coal division.
The Australian 

Asciano will be forced to push back the completion date of its Port Botany project in NSW after crucial automation equipment was damaged.
The Australian

Asciano’s 2013 statutory net profit has fallen by $5.6 million after it restated earnings to comply with new accounting standards on employee benefits.
SMH

Australian rail and port operator Asciano Ltd. (AIO.AU) said profit dipped in its fiscal first half due to extra costs in the redevelopment of a major port in Sydney, and as weak domestic growth weighed on some of its divisions. 

Welcome

Hi my name is Ben. I work full time and have a 2yo son so I usually only get time to do one subject a term. I am working my way through a Bachelor of Business majoring in Purchasing and Supply.
I am a qualified painter and decorator with some years of retail under my belt now doing some contract management amongst other things in the power industry.

My company is Asciano who are the largest and only combined national rail freight and ports operator in Australia.
They comprise of Pacific National Coal, Pacific National Rail and Patricks Stevedoring.
Asciano is one of the 50 largest companies listed on the ASX with -
  • 8000 full time employees
  • 975,385,664 fully paid ordinary shares
  • $3,727.7 million*
  • EBITDA - $1,000.6 million* 
  • CEO - John Mullen
  • Head Office - Sydney