News: Transurban increases quarterly revenue

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    Transurban Group (ASX:TCL) has posted its traffic and revenue data for the December quarter ahead of its half year figures to be announced next month.



    The toll road operator reported a 4.9 per cent increase in toll revenue to $202.6 million.



    Melbourne’s CityLink, which makes up 50 per cent of the Australian portfolio, recorded 5.8 per cent revenue growth with over 2 per cent traffic growth.



    Toll hikes for trucks on the M5 South West Motorway were implemented in November, the first since 2010.



    Superannuation fund UniSuper increased its stake to about 7.2 per cent in the company just prior to Christmas. 

     


    Transurban Group’s net profit fell 50 per cent to $58.6 million in the 2012 financial year.

 
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