Transurban (ASX:TCL) reports a 668% net loss for 2H 2020

Company News

by Melissa Darmawan

Transurban (ASX:TCL) reports a statutory net loss of $448 million down 668 per cent for the six-month period to 31 December 2020 compared to the prior corresponding period.

Their EBITDA dropped 23.2 per cent drop to $840 million.

Average daily traffic across their portfolio dropped 17.8 per cent.

This was from government restrictions surrounding Covid-19, with Melbourne and the Greater Washington Area in the US most affected. Traffic volumes improved at the Group level throughout the period.

Shares in Transurban (ASX:TCL) are trading 2.47 per cent lower at $13.03.