Asciano posts rise in FY profit

Group expects earnings growth to continue in year ahead but at slower pace than FY13.

Asciano (AIO) expects continued earnings growth in the year ahead, although at a slower rate than in 2013, after posting a strong lift in full-year profit.

In the year to June 30, Asciano's net profit attribuateble to members was $340 million, a 41.2% increase on the $240.8 million recorded in 2012.

Underlying net income for the full year was $348.1, slightly higher than the $345.9 million analysts had pencilled in.

In the same period revenue was $3.74 billion, a 7.8 per cent increase on the $3.46 billion recorded in the previous year.

Asciano will pay a fully-franked final dividend of 6.25 cents.

Combined with its interim dividend of 5.25 cents, the group's total dividend will come to a fully-franked 11.5 cents.