Transurban Group
(ASX:TCL) has announced a net profit of $76 million for the six months to December 31, 2010. That’s a 40 per cent increase on the corresponding period the year before.
Strong revenue growth and further cost reductions saw free cash increasing 16.6 per cent.
The Board has confirmed full year distribution guidance of at least 26 cents for the 2011 financial year.
Transurban bought Sydney’s Lane Cove Tunnel in August last year.
Transurban Group reported a net profit of $59.6 million in the 2010 financial year.
