Transurban reports increased net profit, aims to boost 2025 dividends while facing growth challenges due to reduced toll revenue and work-from-home trends.
Transurban, a toll road operator, reported a substantial increase in net profit, aiming to boost dividends by 2025. However, the company faces challenges in growth due to reduced revenue from toll roads, work-from-home trends, and ongoing road projects, causing shares to fall after the financial results release. Despite these challenges, Transurban anticipates a 62 cents per share distribution in the 2023/24 financial year, a 7% increase, and plans to raise the distribution by 5% to 65 cents in 2024/25, subject to traffic and macroeconomic performance.
August 08, 2024
11 Articles