KiwiRail: Freight growth continues but decrease in full year results forecast

KiwiRail’s core business of rail freight has experienced an 11 percent increase in revenue to over $220 million contributing to an overall business revenue increase of over five percent for the half year. The stand-out performer for freight was the Import Export (IMEX) division which recorded an increase in volume of 16 percent and a revenue increase of over 12 percent to over $61 million.

According to Chairman John Spencer, while this outcome is encouraging, there has been a reduction in EBITDA due to lower results from other parts of the business.


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