Transurban Expects Higher Distribution in Fiscal Year 2025
Provided by
Dow Jones
By David Winning
SYDNEY--Transurban forecast another year of distribution growth after a solid traffic recovery on all of its toll roads world-wide.
Transurban reported a net profit attributable to securityholders of 326 million Australian dollars (US$212.5 million) in the 12 months through June, compared to a A$64 million profit in the 2023 fiscal year.
Transurban said it expects a distribution of A$0.65 per security in the new fiscal year, up around 5% on the payout of A$0.62/security in fiscal 2024.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
August 07, 2024 19:11 ET (23:11 GMT)
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