Transurban Group
(ASX:TCL) has increased its toll revenue in the first half of the 2015 financial year.
The toll road owner and operator reports proportional toll revenue rose 36.7 per cent to $760.6 million in the last six months of 2014.
While Transurban believes proportional toll revenue is the more accurate measure of its performance statutory toll revenue also gained 63.7 per cent.
Results were driven by higher traffic growth across Sydney and Melbourne and results also include the company’s acquisition of Queensland Motorways’ assets.
Transurban Group reported a net profit of $252 million in the 2014 financial year.
