Transurban Group’s
(ASX:TCL) full-year net profit has soared and shareholders will reap the rewards with a further increase to the 2014 dividend.
In the year to June 30, Transurban's net profit came in at $174.5 million. That was almost 200 per cent higher than the previous year.
The group attributes the lift in profit to the one-off sale of its Pocahontas 895 asset in the US.
Toll revenue in the same period was $991.4 million, a 5 per cent increase compared to last year.
The group will pay a total dividend of 31 cents, partially franked. Transurban says that will likely lift to 34 cents per share in 2014.
