Asciano chief freezes pay

Mullen's pay frozen, warns of cautious 2014 despite profit rise.

Despite posting a robust lift in full-year profit, Asciano Ltd chief executive John Mullen said the company is preparing for a cautious 2014 through measures that include freezing his pay for the year ahead, according to The Australian Financial Review.

Asciano reported that in the year to June 30 its net profit attributable to members was $A340 million, a 41.2% increase on the $A240.8 million it recorded in 2012.

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