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Transurban Group Limited (ASX:TCL) says its profit jumped 89.3 per cent in the 2011 financial year, coming in at $112.5 million.
The toll road operator’s result was boosted by increased traffic and toll fares on its roads in addition to cost cutting measures.
In the 12 months to June 30, revenue gained 26.8 per cent. Underlying earnings before interest tax depreciation and amortisation were 13 per cent higher.
Looking ahead, CEO Chris Lynch says Transurban is well placed with a robust balance sheet, minimal immediate refinancing requirements and further growth initiatives set to come on line.
The company has increased its full year dividend and will pay 27 cents per security, up from 24 cents in 2010.
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Last
$13.83 |
Change
0.140(1.02%) |
Mkt cap ! $42.98B | |||
| Open | High | Low | Value | Volume |
| $13.66 | $13.91 | $13.65 | $40.88M | 2.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1666 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.84 | 771 | 2 |
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| Last trade - 16.11pm 30/07/2025 (20 minute delay) ? |
| TCL (ASX) Chart |