Atlas Arteria (ASX: ALX)- Atlas Arteria announced interim results

Atlas Arteria Group

Atlas Arteria declared net loss of $15.5 million for the six-month ended 30 June 2018, including expenses incurred on ALX’s Internalisation Proposal.

However, the group’s performance has improved during 1H18 as aggregate portfolio traffic grew 3.4% compared to the previous corresponding period delivering 6.2% increase in proportionate EBITDA from road assets to $429.1 million.

The portfolio for EBITDA contribution includes 86% from APRR, 2% from ADELAC, 11% from Greenway and 1% from Warnow. During the last six months the group has observed strong traffic growth in European assets with traffic increase of 4.6%, 2.3% and 8.4% in APRR, ADELAC and Warnow, respectively, mainly resulting from favorable economic environment and increased tourist. [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

Dividend of 12.0 cents per stapled security for past six months was paid on 13 April 2018. The group has confirmed distribution guidance of 12.0 cents per security for second half of 2018.

The company also indicated retirement of non-executive director of Mr. John Roberts from ATLAX Board, with effect from 28 September 2018.

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