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Transurban Group (ASX:TCL) says its first half profit has grown by 25 per cent on an increase in toll revenues and traffic numbers.
Net profit for the six months to December was $93.2 million, up from $74.7 million in the previous corresponding period.
Net profit from ordinary activities was $96.6 million, up 27 per cent from $76 million in the previous corresponding period.
Chief executive Chris Lynch says a strong second half of the financial year would deliver the free cash necessary to deliver the company's guidance of a distribution of at least 29 cents for the full year.
Transurban boosted its net profit by 89 per cent to $118 million in the 2011 financial year.
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Last
$14.50 |
Change
0.130(0.90%) |
Mkt cap ! $45.15B | |||
| Open | High | Low | Value | Volume |
| $14.50 | $14.59 | $14.43 | $50.92M | 3.509M |
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| Price($) | Vol. | No. |
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| TCL (ASX) Chart |