Transurban Group
(ASX:TCL) has posted a steady first half net profit and flagged some major milestones in the second half.
The toll road operator’s interim net profit came in at $80.9 million in the last six months of 2013, down from $81.1 million the year before.
Over the same period revenue dipped 2.3 per cent while Transurban’s preferred measure of the portfolio’s performance, proportional toll revenue, gained 13.1 per cent.
CEO Scott Charlton says the company expects to complete the 95 Express Lanes, financial close on the M1-M2, and further progress on the acquisition of the Cross City Tunnel in the second half.
Mr Charlton says those projects and others in the pipeline are great building blocks for Transurban’s continued success.
An interim dividend of 17 cents per share has been declared.
