METS

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%.

Blair Price
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. While revenue only improved 1% year-on-year during the 2011 second half,...

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