Transurban lifts profit slightly

Toll road owner Transurban has lifted its first half profit slightly

Transurban has lifted its first half profit slightly following an increase in revenues from its toll roads.

Transurban made a profit of $81 million for the six months to December 31, up from $80.9 million a year ago.

The slight increase came amid a more than 13 per cent rise in revenue from the company's toll roads to $498 million during the half year.

However, total revenue, which includes income from construction, management and business development, was down 2.3 per cent at $572 million.

Chief executive Scott Charlton said the company would continue to look for growth opportunities during the second half of the year.

"Our focus in FY14 remains clear: to operate our networks of urban roads safely and efficiently, and to pursue growth opportunities that make sense within our existing footprints," he said in a statement on Thursday.

Transurban owns Melbourne's CityLink and the Lane Cove Tunnel, Cross City Tunnel and M2 and M5 Motorways in Sydney.


1 min read

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Source: AAP


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