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Asciano posts $182m loss

Posted August 6, 2008 10:27:00

Ports and rail operator Asciano has recorded a larger than expected loss of $182 million for 2008.

But its underlying earnings are within its forecasts at $653 million.

Earlier this week, the company rejected a $2.9 billion takeover bid from two private equity groups.

Asciano was spun out of transport and logistics company, Toll Holdings, after Toll took over rival, Patrick.

Tags: company-news, economic-trends, transport, rail-transport, sea-transport, australia