News: Transurban grows traffic in Q1

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    Transurban Group (ASX:TCL) has reported toll revenue for the September quarter rose by 63.9 per cent to hit $364.7 million.
     
    In proportional terms toll revenue was up 36.5 per cent which the company believes is the most accurate reflection of the portfolio’s performance.
     
    The company also noted that it assumed ownership of Queensland Motorways assets in July this year, in which it holds a 62.5 per cent interest.
     
    Transurban says its Sydney network saw traffic growth across a number of key routes hit 7.9 per cent for the first quarter.
     
    Transurban reported a net profit of $252 million in the 2014 financial year.
 
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