Transurban FY18 statutory profit jumps 124%

Company News

by Anna Napoli

Transurban Group (ASX:TCL) has announced its statutory profit from ordinary activities after tax increased by 124 per cent to $468 million for the year ended 30 June

Revenue strengthened over the 2018 financial year, and lifted about 21 per cent on the prior corresponding period to $3.3 billion.

Its statutory earnings (EBITDA) increased 8.1 per cent to $1.6 billion.

The company declared total distributions of 56 cents per security for the full year.

A final distribution of 28 cents per share will be paid on the 10th of August 2018.

The toll road operator has announced a FY19 distribution guidance of 59 cents.

Shares in Transurban (ASX:TCL) are trading 0.08 per cent lower to $11.89.

 

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.