Transurban: Interim result 2014

Transurban's toll roads keep churning out cash, but there's trouble across the Pacific.

Transurban announced a solid first-half result, though the company’s US assets continue to be a drag. Underlying toll revenue increased a healthy 13% to $556m compared to the prior corresponding period, largely due to excellent traffic and toll revenue growth throughout the Sydney Orbital Network. Operating profit increased 11% to $463m, and an interim distribution of 17 cents was declared (21% franked, ex date already passed) for a forecast full year distribution of 35 cents and current yield of 5.1%.


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