Asciano (AIO) FY15 Results - Net profit up 19%, board approves $12b takeover

Divisional EBIT: Pacific National was up 16.6% to $597m, operating EBIT margin up 4.2% points to 26.6%. Terminals and Logistics up 5.1% to $157.9m, EBIT margin up 1% points to 21.1%. Bulk and Automotive Port Services down 7% to $83.2m, EBIT margin up 0.5% point to 11.8%. AIO has entered into a Scheme of Implementation Deed with Brookfield Infrastructure Partners to acquire Asciano at an implied offer value of A$9.15 per Asciano share. Read the full summary here: (VIEW LINK)