Transurban earns $1b in first half as toll revenue jumps

Takings in Brisbane were up 1.7 per cent to $208 million, while revenue from North America jumped 42 per cent to $167 million after it bought the seven-kilometre A25 toll road in Montreal.

Transurban’s total revenue including fees from constructing new roads grew 30.2 per cent to $2.1 billion.

The company said its underlying earnings before interest, tax, depreciation and amortisation for the half rose 9.8 per cent to $1 billion. Including $308 million of significant items from buying new roads, EBITDA fell 24 per cent to $693 million.

Net profit after tax fell 56 per cent to $145 million, driven down by an extra $163 million in depreciation and amortisation, mainly relating to the consolidation of Sydney’s M5 West and Melbourne’s CityLink Tulla Widening project.




You may also like...