Transurban

Transurban’s underlying revenue growth for the June quarter was better than expected, increasing 7.1% to $257m for the quarter and 5% to $991m for the full year. Revenue from the company’s crown jewel, Melbourne’s Citylink, which produces around 60% of the company’s total revenue, increased 5.6% due to a 3.2% increase in traffic and the regular CPI-linked toll increase. Transurban’s Sydney assets (the M2, M7 and Lane Cove Tunnel) also performed well following the completion of various construction projects, particularly the upgrades in the northern districts west of Pennant Hills Road. Revenue increased more than 6% across the board,...

Transurban’s underlying revenue growth for the June quarter was better than expected, increasing 7.1% to $257m for the quarter and 5% to $991m for the full year. Revenue from the company’s crown jewel, Melbourne’s Citylink, which produces around 60% of the company’s total revenue, increased 5.6% due to a 3.2% increase in traffic and the regular CPI-linked toll increase.

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