QRN lifts operational earnings

QUEENSLAND Rail National’s net profit after tax fell 32% year-on-year to $A189 million for the last half of 2011 due to a significant tax credit in the previous year but its underlying earnings before interest and tax were up 11%.

QRN lifts operational earnings QRN lifts operational earnings QRN lifts operational earnings QRN lifts operational earnings QRN lifts operational earnings

Arising from the privatisation of the rail operator, the second half of 2010 figures were boosted by a $281 million tax credit.

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