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Transurban's toll revenue jumps

An earlier Easter holiday period this year helped toll roads operator Transurban book a 17 per cent rise in fiscal fourth quarter revenue.

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Source: AAP


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Toll road operator Transurban's quarterly revenue is up 17 per cent, helped in part by an early Easter holiday period.

The company - which operates Sydney' M2, M5 and M7, Melbourne's Citylink and Brisbane's AirportLink M7 - booked revenue of $500 million in the three months to June 30.

Proportional toll revenue - which Transurban says is the most accurate reflection of its performance - was up 17.5 per cent from the same period a year earlier, to $513 million.

The bulk of the improvement came from toll roads in Sydney and Melbourne.

Transurban said revenue growth got a boost from the Easter holiday falling in the March quarter, rather than the usual June quarter, meaning greater traffic volumes in June quarter for 2016.

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Sydney's proportional toll revenue rose 13 per cent to $204 million, while Melbourne's lifted eight per cent to $166 million.

In Sydney, average daily traffic rose 6.5 per cent to 632,000 trips over the three-month period.


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