0055 GMT [Dow Jones] Transurban (TCL.AU) up 4.9% at A$4.67 after Q4 and FY revenue and traffic figures, continues recovery from around A$4.00 a share late last month, revenue numbers look reasonably solid across all major roads. Company says FY revenue at its Sydney Hills M2 road up 7.7% on year at A$120.6 million, Westlink M7 revenue up 14.9% on year at A$168.5 million and M1 Eastern Distributor revenue up 7.7% at A$75.3 million. Its 50%-owned M5 road books 4.7% rise in FY revenue to A$155.8 million; M4 revenue up 4.2% on year at A$89.0 million. Melbourne CityLink FY revenue up 9.2% on a normalized basis at A$358.9 million, with average daily revenue in Q4 sitting at just over A$1 million a day, up 9.7% on year. Its 75%-owned Pocahontas Parkway road in U.S., saw a 7.7% increase in revenue for the year to US$13.8 million. (LMF)
good news for CEU i think.
CEU Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held