Transurban Group
(ASX:TCL) has recorded a full year loss of $373 million.
The company says it swung to a statutory net loss from the year-earlier net profit of $252 million because of costs incurred through acquiring Queensland Motorways.
Revenue in the period rose 61.7 per cent to $1.86 billion from $1.15 billion a year earlier, thanks to a strong lift in toll revenue.
Total traffic across the company’s Australian toll roads increased 5.1 per cent, while toll prices increased 4.5 per cent.
Transurban will pay a dividend of 44.5 cents per share in fiscal 2016, up 11 percent from 2015's final dividend of 40 cents.
