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CEO
OVERVIEW
While the economic climate has
remained challenging and resource
prices have affected expected volumes,
our financial health continues to be
strong, characterised by our stable
customer base and continued efforts
to improve our financial performance
across the business.
ARTC reported a respectable underlying
profit performance given the prevailing
market conditions and adverse impact
of a significant adjustment relating to
prior years. Our Net Profit After Tax for
the year was $117.6 million on Earnings
Before Interest and Tax (EBIT) of
$223.7 million, only $1.4 million below
FY2015. Our total revenue (excluding
interest and insurance recoveries) of
$842.5 million was 1.7 percent higher
than in FY2015 resulting in an EBIT
margin of 26.5 percent.
AS WE REVIEW OUR
PERFORMANCE OVER
THE LAST 12 MONTHS
WE CAN BE PROUD
OF ANOTHER YEAR OF
GROWING RAIL’S PLACE
AS A CENTRAL AND
IMPORTANT PART OF THE
NATIONAL SUPPLY CHAIN
– WHILE DELIVERING A
SOLID FINANCIAL RESULT
IN DIFFICULT CONDITIONS.
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