Atlas Arteria toll revenue up 5.9%

Company News

by Anna Napoli

Toll road operator Atlas Arteria (ASX:ALX) has today announced weighted avenue toll revenue for the June 2018 quarter increased by 5.9 per cent on the prior corresponding period.

Weighted average traffic increased by 3.5 per cent on the same time last year.

The toll road operator says the results reflect increased aggregate traffic levels at the APRR toll road in France.

The company owns a 25 per cent interest in the toll road which delivered positive traffic performance during the quarter, boosted by a favorable economic environment in France.

Shares in Atlas Arteria (ASX:ALX) are trading 0.6 per cent higher at $6.45.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.