TRANSURBAN GROUP By David Winning
SYDNEY--Transurban reported a sharp rise in interim profit while keeping its distribution guidance for the full year unchanged as traffic on its global network of toll roads increased in volume.
Transurban reported a net profit attributable to securityholders of 204 million Australian dollars (US$133 million) in the six months through December, compared to a A$41 million profit at the same stage of fiscal 2023.
Proportional toll revenue--the company's preferred measure of the performance of its roads--increased by 6.3% to A$1.76 billion in the six-month period.
On Thursday, Transurban kept its distribution guidance for the full year steady at 62 Australian cents a security. Its first-half payout, which was pre-released, totaled A$0.30 a share.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
02-07-24 1624ET
