Transurban EBITDA advances 10.1% to $1.6b

Company News

by Jessica Amir

Transurban Group (ASX:TCL) has reported a $209 million statutory profit from continuing in FY17, a surge ahead in comparison to FY16’s $22 million.

The toll road manager and developer's EBITDA (excluding significant items) advanced 10.1 per cent to $1.629 billion.

The firm says the bolstered results came from operational improvements, with the likes of average daily traffic rising 4 per cent, and proportional toll revenue gaining 10.6 per cent to about $2.153 billion.

Transurban’s total revenue rose 23.6 per cent to $2.732 billion in FY17.

A distribution of 26.5 cents per share will be paid on 11 August 2017 for the 6 months to 30 June 2017.

Meantime it announced a distribution guidance of 56 cents per security for FY18.

Shares in Transurban Group (ASX:TCL) are trading 1.42 lower to $11.77.
 

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