Transurban nets 27.1% profit increase

Australian toll-road owner and investor, Transurban, said its “true defensive nature” appeal to investors had enabled it to achieve a 27.1% increase in net profit.
March 16, 2012 Read time: 1 min
Australian toll-road owner and investor, 891 Transurban, said its “true defensive nature” appeal to investors had enabled it to achieve a 27.1% increase in net profit. The owner of Sydney’s Lane Cove Tunnel and Melbourne’s CityLink saw profits rise to US$104.05million (AUS$97million) for the six months to December 2011, compared to the same period of 2010. Toll revenues alone rose by a more modest 6% to US$510.38million (AUS$473.8million). Meanwhile, Transurban’s pe-tax earnings rose 7.5% to US$420.1million (AUS$390million) for the half-year. “These results highlight the true defensive nature of Transurban as an investment proposition – continued growth in the face of economic headwinds even with construction induced traffic impacts to four of Transurban’s six Australian assets,” said Transurban chief executive Chris Lynch. He added: “In addition to the financial results for the period, I am delighted with the excellent progress of the Hills M2 Upgrade and the Capital Beltway HOT Lanes Project, as well as reaching key milestones for the M5 and I-95 projects.”
Highway & Network Management

For more information on companies in this article

Related Content

  • Wacker Neuson’s record nine month revenues, despite tough economy
    November 27, 2012
    Wacker Neuson (WN) achieved record nine month revenues in the year to September 30, 2012 – while also recording a slight year-on-year rise in Q3 2012. Group revenue in the first nine months of 2012 rose 12% to €812.6 million, compared to €727.6 million in 2011. Light equipment and compact equipment were the strongest sections, reporting increases of 10% and 14% respectively. The Americas was the strongest regional revenue driver, with a rise of 22%. In Europe, revenue grew by 8%. However, WN Group revenue f
    Read More
  • Palfinger sees revenue rise more than 14% in first half 2015
    August 5, 2015
    The Palfinger Group recorded revenue up by 14.1% to €606.2 million in the first six months of 2015, a new half-year record. Palfinger, a maker of loader cranes, marine cranes, wind cranes and container handling systems, noted that earnings grew more strongly than revenue. Earnings before interest and taxes rose by 29.6% to €53.7 million. The consolidated net result for the first half of 2015 was €34.6 million, 40.6% higher than the previous year's level. "We have been increasingly successful on internatio
    Read More
  • Strong financial performance for Wacker Neuson
    May 10, 2023
    Wacker Neuson is seeing a strong financial performance.
    Read More
  • Wacker Neuson reports strong financial performance
    August 9, 2018
    Munich-based Wacker Neuson is reporting a substantial increase in revenue and profitability for the first six months of 2018. According to the firm’s latest results, revenue is at a record high and there has been a marked improvement in profit before interest and tax. However bottlenecks among suppliers as well as currency developments have had a dampening effect on the results. Revenue for the first half of 2018 rose 8% to a new record high of €825 million, compared with €764 million for the same period i
    Read More

Highlighted Content