Net operating cash flow down 2% to $691.8m. Operating costs decreased 12% with $131m transformation benefits and $53m reduction in fuel price (Transformation benefits ahead of target, $383m over last three years). Operating Ratio (OR) 74.8% as compared to 74.3% in FY15 and our forecast of 74.9%.
Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...