Australian takeover target Asciano posts 5.3 pct rise in H1 net profit

February 23, 2016 9:11 PM

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SYDNEY Feb 24 Australia's Asciano Ltd, the target of a A$9 billion ($6.5 billion) takeover battle that has seen rival bidders merge to make a joint assault, on Wednesday posted a 5.3 percent rise in first-half net profit after increasing coal haulage.

Asciano, Australia's biggest rail and port operator, reported statutory net profit of A$199.8 million in the six months to Dec. 31, compared with A$189.7 million a year earlier.

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