Transurban Group (ASX:TCL) has reported significant full year growth, up 342% from 2009, to a net profit of $59.4 million for the year to 30 June.
The toll road operator says it is anticipates further growth, advising it expects distributions will total at least 26 cents in the following fiscal year.
Proportional earnings before interest, tax, depreciation and amortisation increased 13.1% to $630 million.
Earlier this week Transurban completed the acquisition of Lane Cove Tunnel in Sydney, by raising debt financing of $260 million.
Transurban has also today announced the appointment of Lindsay Maxsted as Chairman, replacing David Ryan who has today resigned.
Transurban Group reported a loss of $24.58 million for the year to 30 June 2009.
TCL Price at posting:
$4.43 Sentiment: None Disclosure: Held
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