Transurban Group
(ASX:TCL) reported its proportional EBITDA rose 12.1% in the first half of the current financial year.
The company has also upgraded its FY17 distribution guidance to 51.5 cents per security, which represents a 13.2% increase on the FY16 distribution.
In regards to Transurban’s profit from continuing operations, that rose 41.9% to $88 million during the first half.
Also, the company says the Western Distributor is the only road project in the company’s current pipeline which may potentially require additional equity after financial close.
