Transurban International Limited
(ASX:TCL) has reported first half net profit of $62 million.
It’s a big turnaround from the $354 million loss for the same time last year.
CEO Scott Charlton highlighted strong operational performance, saying the result was due to continued focus on improving the efficiency of its networks for customers.
Mr Charlton also nodded to $11 billion of committed and planned projects to improve customers’ trips in Melbourne, Sydney, Brisbane and its overseas assets in Northern Virginia.
The toll road operator said it would lift its full-year distribution payout by 13.8 percent to 45.5 cents, following the announcement of an interim payout of 22.5 cents.
