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Transurban Group (ASX:TCL) has reported an annual profit lift on the back of its network enhancing projects and expansion initiatives.The toll road owner and operator boosted its net profit by 44.5 per cent to $252.2 million in the 2014 financial year.CEO Scott Charlton has described the performance as strong and says Transurban delivered margin improvement on six of its seven operating assets.
Over the 12 months to the end of June toll road revenue gained 13 per cent to $906.5 million while total statutory revenue dipped 3.8 per cent.A final dividend of 18 cents per share has been declared, taking the full year payout to 35 cents per security.Looking ahead Transurban has confirmed distribution guidance of 39 cents per share for the 2015 financial year.
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