TCL Reaffirms FY20 Distribution Target and Present 1HFY20 Report

  • Feb 11, 2020 AEDT
  • Team Kalkine

Transurban Group (ASX:TCL) reports first-half results for the financial year 2020 and reported a growth of 2.3 per cent in average daily traffic.

  • The proportional toll revenue increased by 8.6 per cent to stand at $1,396 million, while EBITDA surged by 9.5 per cent to stand at $1,094 million.
  • The underlying cost grew by 2.0 per cent and suggested cost discipline and scale benefits of recent investments.
  • TCL reiterated the FY20 distribution guidance of 62.0 cents a share.



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